Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Recommendation of “Hold” by Brokerages

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given a consensus recommendation of “Hold” by the twenty-four brokerages that are covering the firm, Marketbeat reports. Fifteen research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $194.67.

Several brokerages have recently commented on CHKP. Truist Financial boosted their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets boosted their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Evercore ISI raised Check Point Software Technologies to a “hold” rating in a report on Monday, September 16th. Finally, Susquehanna upped their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday, July 25th.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $6,558,000. Quantbot Technologies LP bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $1,095,000. Allspring Global Investments Holdings LLC increased its position in shares of Check Point Software Technologies by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after buying an additional 7,357 shares in the last quarter. M&G Plc increased its position in shares of Check Point Software Technologies by 10.0% in the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after buying an additional 9,830 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $2,928,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Up 0.9 %

Shares of Check Point Software Technologies stock opened at $207.16 on Friday. The stock has a market capitalization of $23.39 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 3.17 and a beta of 0.62. The firm’s 50-day moving average price is $194.88 and its two-hundred day moving average price is $173.81. Check Point Software Technologies has a 1-year low of $126.57 and a 1-year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 EPS. As a group, equities research analysts predict that Check Point Software Technologies will post 7.83 EPS for the current 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 multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.