The shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) received a consensus rating of “Hold” by the eighteen rating agencies that currently cover the company, reports MarketBeat Ratings. Four analysts rated the stock with a sell rating, two assigned a hold rating and eight issued a buy rating on the company. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $139.25.
A number of research companies have weighed in on CHKP. Wedbush raised its price target on Check Point Software Technologies from $142.00 to $155.00 and gave the company an “outperform” rating in a Thursday, April 14 research note. Wells Fargo & Company reduced its price target on Check Point Software Technologies from $144.00 to $130.00 in a Thursday, April 28 research note. Barclays reduced its price target on Check Point Software Technologies from $160.00 to $145.00 in a Thursday, April 28 research note. Royal Bank of Canada raised its price target on Check Point Software Technologies from $139.00 to $145.00 and gave the stock an “sector performance” rating in a Monday, April 25 research note. . Finally, Deutsche Bank Aktiengesellschaft raised its price target on Check Point Software Technologies from $154.00 to $160.00 and gave the stock a “buy” rating in a Thursday, March 17 research note.
Shares of Check Point Software Technologies opened Wednesday at $121.70. The company’s 50-day simple moving average is $125.19 and its 200-day simple moving average is $128.10. Check Point Software Technologies has a 52 week minimum of $107.85 and a 52 week maximum of $149.62. The company has a market capitalization of $15.71 billion, a PE ratio of 20.08, a P/E/G ratio of 2.75 and a beta of 0.64.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last announced its results on Wednesday, April 27. The tech company reported earnings per share (EPS) of $1.34 for the quarter, missing analyst consensus estimates of $1.35 per ($0.01). The company posted revenue of $542.70 million in the quarter, compared to analyst estimates of $535.57 million. Check Point Software Technologies posted a net margin of 36.43% and a return on equity of 25.35%. The company’s quarterly revenue increased 6.9% from the same quarter last year. During the same period a year earlier, the company posted EPS of $1.39. As a group, analysts expect Check Point Software Technologies to post EPS of 6.15 for the current fiscal year.
Several institutional investors have recently bought and sold shares of CHKP. Boston Partners increased its position in Check Point Software Technologies by 17,268.0% in the first quarter. Boston Partners now owns 1,873,144 shares of the technology company worth $259,013,000 after acquiring 1,862,359 additional shares in the last quarter. Nordea Investment Management AB increased its position in Check Point Software Technologies by 45.0% during the fourth quarter. Nordea Investment Management AB now owns 2,957,893 shares of the technology company worth $345,053,000 after acquiring 917,993 additional shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Check Point Software Technologies during Q4 for a value of $66,202,000. Ardevora Asset Management LLP acquired a new stake in Check Point Software Technologies during Q1 valued at $52,572,000. Finally, Border to Coast Pensions Partnership Ltd acquired a new stake in Check Point Software Technologies during the 1st quarter for an amount of $34,635,000. 91.96% of the shares are held by institutional investors.
Check Point Software Technologies Company Profile (Get an evaluation)
Check Point Software Technologies Ltd. develops, markets and supports a range of IT security products and services worldwide. The company offers a portfolio of network security, endpoint security, data security and management solutions. It provides the Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th and 6th generation cyberattacks across various networks, endpoints, cloud, workloads, IoT, and mobile.
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