Brokerages Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) PT at $194.67

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-four research firms that are currently covering the company, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $194.67.

A number of brokerages have recently commented on CHKP. Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Royal Bank of Canada raised their price objective on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 25th. Mizuho boosted their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Susquehanna raised their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a "positive" rating in a research report on Thursday, July 25th. Finally, Scotiabank boosted their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a "sector outperform" rating in a report on Thursday, July 25th.

Check Point Software Technologies Stock Up 0.9 %

NASDAQ CHKP traded up $1.76 during trading on Friday, hitting $207.16. The company's stock had a trading volume of 514,001 shares, compared to its average volume of 674,862. Check Point Software Technologies has a 52 week low of $126.57 and a 52 week high of $210.70. The firm has a market cap of $23.39 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The firm has a 50 day moving average price of $195.32 and a 200 day moving average price of $174.11.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $623.19 million. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Check Point Software Technologies's revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that Check Point Software Technologies will post 7.83 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

Several large investors have recently made changes to their positions in the business. Swedbank AB acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $69,487,000. Boston Partners increased its stake in shares of Check Point Software Technologies by 13.1% in the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company's stock valued at $594,169,000 after buying an additional 419,404 shares during the period. Acadian Asset Management LLC raised its position in shares of Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock worth $677,869,000 after acquiring an additional 391,983 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies during the second quarter valued at $47,244,000. Finally, Meitav Investment House Ltd. boosted its holdings in Check Point Software Technologies by 1,295.8% in the second quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company's stock valued at $34,557,000 after acquiring an additional 194,595 shares during the last quarter. Institutional investors own 87.62% of the company's stock.

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.