Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $197.74 Consensus Target Price from Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are covering the company, Marketbeat reports. Fifteen equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $199.05.

CHKP has been the topic of a number of research reports. Mizuho raised their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Wedbush raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Robert W. Baird lowered their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price objective on Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday.

Institutional Investors Weigh In On Check Point Software Technologies

A number of large investors have recently modified their holdings of the business. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $27,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Check Point Software Technologies in the third quarter worth $33,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies during the third quarter worth $37,000. Arrow Financial Corp grew its holdings in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $188.05 on Friday. The stock has a 50 day moving average price of $186.59 and a 200 day moving average price of $181.99. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $210.70. The firm has a market capitalization of $20.68 billion, a P/E ratio of 25.69, a P/E/G ratio of 3.21 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.80 earnings per share. As a group, sell-side analysts forecast that Check Point Software Technologies will post 7.87 EPS for the current 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.