Check Point Software Technologies Ltd. (CHKP) Receives Consensus Rating of “Hold” from Brokerages

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has received a consensus rating of “Hold” from the twenty-eight brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $113.47.

Several equities research analysts have recently issued reports on CHKP shares. Oppenheimer reissued a “buy” rating and set a $128.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and set a $126.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, October 19th. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Stephens downgraded shares of Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research report on Wednesday, November 1st. Finally, Barclays lowered their price objective on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 1st.

Several institutional investors and hedge funds have recently made changes to their positions in CHKP. Vanguard Group Inc. grew its position in shares of Check Point Software Technologies by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 326,478 shares of the technology company’s stock valued at $35,612,000 after acquiring an additional 19,621 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $207,000. Royal Bank of Canada grew its position in shares of Check Point Software Technologies by 4.7% in the 2nd quarter. Royal Bank of Canada now owns 107,667 shares of the technology company’s stock valued at $11,744,000 after acquiring an additional 4,796 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $378,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Check Point Software Technologies by 51,396.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 172,514 shares of the technology company’s stock valued at $18,818,000 after acquiring an additional 172,179 shares during the period. 71.65% of the stock is owned by institutional investors.

Shares of Check Point Software Technologies (CHKP) opened at $97.84 on Friday. Check Point Software Technologies has a 12-month low of $95.03 and a 12-month high of $119.20. The stock has a market cap of $15,990.00, a price-to-earnings ratio of 20.30, a PEG ratio of 1.94 and a beta of 0.57.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The company had revenue of $506.00 million during the quarter, compared to the consensus estimate of $508.66 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. equities analysts anticipate 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.

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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