Check Point Software Technologies (NASDAQ:CHKP) Earns “Neutral” Rating from Cantor Fitzgerald

Check Point Software Technologies (NASDAQ:CHKP)‘s stock had its “neutral” rating reaffirmed by Cantor Fitzgerald in a report released on Monday,Benzinga reports. They presently have a $200.00 target price on the technology company’s stock. Cantor Fitzgerald’s target price indicates a potential downside of 1.45% from the stock’s previous close.

A number of other analysts have also recently weighed in on CHKP. Jefferies Financial Group upped their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Evercore ISI raised their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Barclays lowered their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Eighteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $203.05.

Check Point Software Technologies Trading Up 2.4 %

CHKP opened at $202.94 on Monday. The stock’s 50 day simple moving average is $186.09 and its 200-day simple moving average is $186.88. The stock has a market cap of $22.32 billion, a PE ratio of 27.72, a P/E/G ratio of 3.05 and a beta of 0.63. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the firm posted $1.80 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts forecast that Check Point Software Technologies will post 7.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHKP. Robeco Institutional Asset Management B.V. boosted its position in shares of Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the last quarter. FMR LLC raised its position in shares of Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares during the last quarter. Boston Trust Walden Corp increased its stake in Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Finally, Swedbank AB raised its holdings in Check Point Software Technologies by 1.1% in the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after purchasing an additional 4,760 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.