Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $197.74 Average PT from Analysts

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

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Evercore ISI increased their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Finally, Wedbush increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors have recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the third quarter worth $27,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies in the third quarter valued at $33,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the third quarter valued at $37,000. Arrow Financial Corp increased its holdings in Check Point Software Technologies by 62.5% in the third 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. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter worth about $60,000. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded down $1.73 during mid-day trading on Friday, reaching $187.77. The company's stock had a trading volume of 508,264 shares, compared to its average volume of 687,113. The stock has a market cap of $20.65 billion, a P/E ratio of 25.65, a P/E/G ratio of 3.21 and a beta of 0.63. Check Point Software Technologies has a twelve month low of $144.66 and a twelve month high of $210.70. The company's fifty day simple moving average is $188.11 and its two-hundred day simple moving average is $180.69.

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 the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the business earned $1.80 EPS. Check Point Software Technologies's revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Check Point Software Technologies will post 7.87 EPS for the current fiscal year.

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.