Check Point Software Technologies (NASDAQ:CHKP) Given Neutral Rating at Guggenheim

Guggenheim reissued their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report released on Friday morning,Benzinga reports.

A number of other research analysts also recently issued reports on CHKP. Jefferies Financial Group raised their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. BMO Capital Markets upped their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Barclays upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $215.27.

Check Point Software Technologies Stock Down 0.4 %

Shares of CHKP opened at $218.02 on Friday. The company has a market capitalization of $23.98 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a 50 day moving average price of $188.67 and a 200 day moving average price of $187.76.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period last year, the business earned $1.80 EPS. Check Point Software Technologies’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies will post 7.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

A number of large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in shares of Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after purchasing an additional 20,866 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter valued at $1,599,000. MML Investors Services LLC increased its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares in the last quarter. Martin Investment Management LLC raised its holdings in shares of Check Point Software Technologies by 2.0% in the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its position in shares of Check Point Software Technologies by 69.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after acquiring an additional 9,580 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

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.