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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been assigned an average rating of “Hold” from the twenty-three analysts that are currently covering the company, Marketbeat reports. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $197.74.

A number of research firms have issued reports on CHKP. Wedbush boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of 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 reiterated a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC lifted its position in shares of Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after buying an additional 57 shares in the last quarter. Brighton Jones LLC increased its stake in Check Point Software Technologies by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after acquiring an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Check Point Software Technologies by 1.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 66 shares in the last quarter. HF Advisory Group LLC boosted its position in shares of Check Point Software Technologies by 1.2% during the 3rd quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock valued at $1,169,000 after acquiring an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP grew its holdings in shares of Check Point Software Technologies by 1.6% in the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Down 0.1 %

Shares of Check Point Software Technologies stock opened at $181.75 on Wednesday. Check Point Software Technologies has a twelve month low of $143.28 and a twelve month high of $210.70. The company’s 50 day moving average is $190.21 and its 200 day moving average is $177.00. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting 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 firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the prior year, the firm earned $1.80 EPS. The company’s revenue 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.