Check Point Software Technologies (NASDAQ:CHKP - Free Report) had its price objective lifted by Truist Financial from $200.00 to $220.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the technology company's stock.
A number of other research analysts also recently weighed in on the stock. Robert W. Baird increased their target price on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the company a "neutral" rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Evercore ISI raised shares of Check Point Software Technologies to a "hold" rating in a research report on Monday, September 16th. Finally, Wedbush increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $192.56.
Read Our Latest Report on CHKP
Check Point Software Technologies Stock Down 0.9 %
CHKP stock traded down $1.94 during trading on Wednesday, reaching $205.38. The stock had a trading volume of 698,237 shares, compared to its average volume of 676,904. Check Point Software Technologies has a one year low of $126.57 and a one year high of $210.70. The company's 50 day moving average is $194.49 and its two-hundred day moving average is $173.59. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 3.17 and a beta of 0.62.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period in the prior year, the firm posted $1.74 EPS. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, research analysts predict that Check Point Software Technologies will post 7.83 earnings per share for the current fiscal year.
Institutional Trading of Check Point Software Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lake Street Advisors Group LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $227,000. Assenagon Asset Management S.A. raised its position in shares of Check Point Software Technologies by 134.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company's stock valued at $25,245,000 after buying an additional 75,031 shares in the last quarter. Pinnacle West Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $201,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Check Point Software Technologies by 14.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,008 shares of the technology company's stock valued at $773,000 after buying an additional 493 shares in the last quarter. Finally, Romano Brothers AND Company raised its position in Check Point Software Technologies by 0.6% in the 3rd quarter. Romano Brothers AND Company now owns 41,650 shares of the technology company's stock worth $8,031,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.
About Check Point Software Technologies
(
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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.
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