Check Point Software Technologies Ltd. (CHKP) Receives $121.61 Average PT from Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned a consensus rating of “Hold” from the twenty-four brokerages that are currently covering the stock, Marketbeat reports. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $121.61.

CHKP has been the topic of a number of research reports. Barclays boosted their price objective on Check Point Software Technologies from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Zacks Investment Research lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Jefferies Financial Group upped their price target on Check Point Software Technologies to $140.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Deutsche Bank upped their price target on Check Point Software Technologies from $110.00 to $125.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Finally, BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th.

Several large investors have recently made changes to their positions in the company. Weatherstone Capital Management lifted its stake in shares of Check Point Software Technologies by 3.2% in the 1st quarter. Weatherstone Capital Management now owns 2,874 shares of the technology company’s stock valued at $364,000 after purchasing an additional 88 shares during the period. Eqis Capital Management Inc. lifted its stake in shares of Check Point Software Technologies by 0.3% in the 1st quarter. Eqis Capital Management Inc. now owns 38,869 shares of the technology company’s stock valued at $4,917,000 after purchasing an additional 99 shares during the period. Curbstone Financial Management Corp raised its stake in Check Point Software Technologies by 0.6% during the 4th quarter. Curbstone Financial Management Corp now owns 17,000 shares of the technology company’s stock worth $1,745,000 after buying an additional 100 shares during the period. Moors & Cabot Inc. raised its stake in Check Point Software Technologies by 4.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,350 shares of the technology company’s stock worth $299,000 after buying an additional 100 shares during the period. Finally, Manchester Capital Management LLC raised its stake in Check Point Software Technologies by 10.5% during the 1st quarter. Manchester Capital Management LLC now owns 1,105 shares of the technology company’s stock worth $140,000 after buying an additional 105 shares during the period. 68.03% of the stock is currently owned by institutional investors.

Shares of CHKP traded down $0.55 during midday trading on Monday, hitting $116.50. The company’s stock had a trading volume of 6,720 shares, compared to its average volume of 1,013,017. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.46 and a beta of 0.75. Check Point Software Technologies has a one year low of $95.03 and a one year high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.01. The business had revenue of $471.83 million for the quarter, compared to analyst estimates of $471.16 million. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. Check Point Software Technologies’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. On average, equities analysts expect that Check Point Software Technologies will post 5.52 earnings per share for the current fiscal year.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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