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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given a consensus rating of “Hold” by the twenty-seven research firms that are currently covering the company, MarketBeat.com reports. Twenty-three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $113.55.

Several research analysts have recently issued reports on CHKP shares. JPMorgan Chase & Co. upped their target price on shares of Check Point Software Technologies to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Evercore ISI reiterated a “hold” rating and issued a $100.00 target price on shares of Check Point Software Technologies in a research note on Thursday, July 19th. BidaskClub downgraded shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Monday, July 23rd. Finally, Barclays reiterated a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research note on Thursday, July 26th.

Shares of NASDAQ CHKP opened at $112.08 on Thursday. The company has a market capitalization of $19.23 billion, a PE ratio of 22.92, a PEG ratio of 2.34 and a beta of 0.64. Check Point Software Technologies has a 52-week low of $93.76 and a 52-week high of $120.81.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 25th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.18. The firm had revenue of $467.80 million for the quarter, compared to the consensus estimate of $461.32 million. Check Point Software Technologies had a net margin of 43.43% and a return on equity of 22.98%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, research analysts forecast that Check Point Software Technologies will post 5.19 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Welch & Forbes LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter worth $11,678,000. Nisa Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter worth $384,000. Gateway Investment Advisers LLC increased its stake in shares of Check Point Software Technologies by 5.7% in the third quarter. Gateway Investment Advisers LLC now owns 60,387 shares of the technology company’s stock worth $7,106,000 after purchasing an additional 3,246 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Check Point Software Technologies by 14.5% in the third quarter. Raymond James Trust N.A. now owns 4,685 shares of the technology company’s stock worth $551,000 after purchasing an additional 593 shares in the last quarter. Finally, PGGM Investments increased its stake in shares of Check Point Software Technologies by 33.3% in the third quarter. PGGM Investments now owns 337,255 shares of the technology company’s stock worth $39,685,000 after purchasing an additional 84,255 shares in the last quarter. 66.75% of the stock is 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 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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