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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-three ratings firms that are covering the stock, MarketBeat.com reports. Fifteen investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $197.74.

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. Royal Bank of Canada restated a "sector perform" rating and set a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a report on Friday, October 25th. 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. Finally, Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th.

Institutional Trading of Check Point Software Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the 3rd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Check Point Software Technologies during the 2nd quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies during the 3rd quarter valued at approximately $33,000. Concord Wealth Partners bought a new stake in Check Point Software Technologies during the 3rd quarter valued at approximately $37,000. Finally, Arrow Financial Corp raised its stake in Check Point Software Technologies by 62.5% during the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock valued at $50,000 after purchasing an additional 100 shares during the period. Institutional investors own 87.62% of the company's stock.

Check Point Software Technologies Stock Performance

CHKP stock traded up $0.04 on Wednesday, reaching $174.60. The company's stock had a trading volume of 119,460 shares, compared to its average volume of 693,211. The business has a fifty day simple moving average of $190.92 and a two-hundred day simple moving average of $176.76. Check Point Software Technologies has a 12-month low of $142.60 and a 12-month high of $210.70. The firm has a market cap of $19.20 billion, a PE ratio of 23.85, a PEG ratio of 2.97 and a beta of 0.63.

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

About Check Point Software Technologies

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.