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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) have earned an average recommendation of “Moderate Buy” from the twenty-two rating firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts who have issued a report on the stock in the last year is $138.30.

A number of equities research analysts have weighed in on the company. Barclays upped their target price on Check Point Software Technologies from $135.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, October 28th. Piper Sandler upped their target price on Check Point Software Technologies from $125.00 to $130.00 in a research report on Thursday, January 5th. Mizuho upped their target price on Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, October 28th. OTR Global downgraded Check Point Software Technologies from a “positive” rating to a “mixed” rating in a research report on Wednesday, October 5th. Finally, Sumitomo Mitsui Financial Group initiated coverage on Check Point Software Technologies in a report on Friday, October 7th. They issued a “neutral” rating and a $115.00 price target on the stock.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Check Point Software Technologies by 2.6% during the second quarter. CWM LLC now owns 65,621 shares of the technology company’s stock worth $7,991,000 after acquiring an additional 1,649 shares during the period. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in shares of Check Point Software Technologies during the second quarter worth $258,000. Axiom Investors LLC DE increased its stake in Check Point Software Technologies by 24.2% in the 2nd quarter. Axiom Investors LLC DE now owns 285,630 shares of the technology company’s stock valued at $34,784,000 after buying an additional 55,746 shares during the last quarter. SG Americas Securities LLC increased its stake in Check Point Software Technologies by 138.3% in the 2nd quarter. SG Americas Securities LLC now owns 27,000 shares of the technology company’s stock valued at $3,288,000 after buying an additional 15,670 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Check Point Software Technologies by 150.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 98,593 shares of the technology company’s stock valued at $12,007,000 after buying an additional 59,159 shares during the last quarter. 64.76% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $128.99 on Friday. Check Point Software Technologies has a 1 year low of $107.54 and a 1 year high of $149.62. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.48 and a beta of 0.68. The stock’s 50-day simple moving average is $129.08 and its 200-day simple moving average is $123.17.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The technology company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.06. The firm had revenue of $577.60 million during the quarter, compared to analyst estimates of $571.78 million. Check Point Software Technologies had a return on equity of 26.20% and a net margin of 34.35%. Check Point Software Technologies’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 earnings per share. As a group, research analysts predict that Check Point Software Technologies will post 6.37 EPS for the current year.

Check Point Software Technologies Company Profile

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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 portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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