Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Consensus Rating of "Hold" from Analysts

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has been assigned a consensus rating of "Hold" from the twenty-five research firms that are presently covering the stock, Marketbeat.com reports. Eighteen analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $199.27.

A number of brokerages have recently issued reports on CHKP. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and raised their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Robert W. Baird cut their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Piper Sandler boosted their target price on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a research note on Monday. Bank of America downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, Truist Financial upped their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd.

Check Point Software Technologies Trading Up 0.9 %

CHKP stock traded up $1.71 during midday trading on Thursday, hitting $183.19. The company's stock had a trading volume of 963,613 shares, compared to its average volume of 866,405. The firm's 50-day moving average is $182.64 and its 200-day moving average is $184.60. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $210.70. The company has a market cap of $20.15 billion, a PE ratio of 25.03, a P/E/G ratio of 3.21 and a beta of 0.63.

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

Institutional Trading of Check Point Software Technologies

A number of large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Check Point Software Technologies by 73.8% in the third 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 valued at $211,105,000 after acquiring an additional 464,821 shares during the period. Marshall Wace LLP purchased a new stake in Check Point Software Technologies in the second quarter worth about $47,244,000. World Investment Advisors LLC bought a new position in Check Point Software Technologies during the 3rd quarter worth about $51,922,000. FMR LLC increased its position in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after purchasing an additional 252,581 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings 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 valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

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.