Check Point Software Technologies Ltd. (NASDAQ:CHKP) has earned an average recommendation of “Hold” from the twenty-eight research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $113.47.
A number of research analysts have issued reports on CHKP shares. Barclays decreased their target price on Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 1st. Cleveland Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Robert W. Baird reiterated a “hold” rating and issued a $115.00 target price on shares of Check Point Software Technologies in a report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, October 27th. Finally, BidaskClub lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd.
Several large investors have recently bought and sold shares of CHKP. BB&T Investment Services Inc. purchased a new stake in Check Point Software Technologies during the second quarter valued at approximately $100,000. Zions Bancorporation raised its holdings in shares of Check Point Software Technologies by 3,700.0% in the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after buying an additional 851 shares during the period. Financial Gravity Companies Inc. purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth approximately $130,000. Archford Capital Strategies LLC grew its stake in Check Point Software Technologies by 22,512.5% in the second quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after purchasing an additional 1,801 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Check Point Software Technologies in the third quarter worth approximately $201,000. Institutional investors own 71.60% of the company’s stock.
Shares of Check Point Software Technologies (NASDAQ:CHKP) traded up $1.64 during trading on Friday, reaching $99.48. The company’s stock had a trading volume of 1,273,400 shares, compared to its average volume of 1,743,784. Check Point Software Technologies has a fifty-two week low of $95.03 and a fifty-two week high of $119.20. The firm has a market cap of $15,991.25, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.92 and a beta of 0.57.
Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.20. The company had revenue of $506.00 million during the quarter, compared to the consensus estimate of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 earnings per share. analysts expect that Check Point Software Technologies will post 5.26 earnings per share for the current fiscal year.
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About Check Point Software Technologies
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.
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