Short Interest in Check Point Software Technologies Rises By 35.1% (CHKP)
Shares of Check Point Software Technologies (NASDAQ:CHKP) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 2,497,771 shares, a growth of 35.1% from the April 30th total of 1,848,929 shares, American Banking & Market News reports. Based on an average daily volume of 1,095,300 shares, the short-interest ratio is currently 2.3 days. Approximately 1.8% of the shares of the company are short sold.
A number of research firms have recently commented on CHKP. Analysts at Zacks reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, May 1st. They now have a $67.00 price target on the stock. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Check Point Software Technologies in a research note on Wednesday, April 30th. They now have a $72.50 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Check Point Software Technologies in a research note on Wednesday, April 30th. They now have a $69.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $70.08.
Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 64.44 on Thursday. Check Point Software Technologies has a 52-week low of $48.00 and a 52-week high of $69.92. The stock has a 50-day moving average of $65.05 and a 200-day moving average of $64.9. The company has a market cap of $12.374 billion and a P/E ratio of 19.33.
Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, April 29th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $342.00 million for the quarter, compared to the consensus estimate of $341.92 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Check Point Software Technologies will post $3.63 earnings per share for the current fiscal year.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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