Analysts Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) Target Price at $183.68

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given a consensus recommendation of “Hold” by the twenty-four ratings firms that are presently covering the firm, Marketbeat.com reports. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $183.68.

CHKP has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a research report on Tuesday, May 14th. Robert W. Baird raised their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Jefferies Financial Group raised their price target on Check Point Software Technologies from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $188.42 on Friday. The firm has a market capitalization of $21.27 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 3.00 and a beta of 0.62. Check Point Software Technologies has a 52-week low of $126.57 and a 52-week high of $193.27. The stock has a fifty day moving average of $180.04 and a 200 day moving average of $165.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The company had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $1.74 earnings per share. Equities analysts forecast that Check Point Software Technologies will post 7.83 earnings per share for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Several large investors have recently modified their holdings of CHKP. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Check Point Software Technologies in the second quarter worth about $30,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the first quarter worth about $31,000. Richardson Financial Services Inc. bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $92,000. Finally, Transcendent Capital Group LLC bought a new stake in Check Point Software Technologies during the 1st quarter valued at approximately $107,000. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Company Profile

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.