Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Free Report) have received a consensus recommendation of “Hold” from the twenty-eight research firms that are currently covering the firm, Marketbeat reports. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $232.04.
A number of research analysts recently weighed in on the stock. Stephens dropped their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Wall Street Zen raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Finally, Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th.
Check Out Our Latest Analysis on CHKP
Check Point Software Technologies Price Performance
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.02. The firm had revenue of $637.80 million during the quarter, compared to analysts’ expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.04 earnings per share. As a group, equities research analysts anticipate that Check Point Software Technologies will post 8.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Check Point Software Technologies
Several large investors have recently modified their holdings of CHKP. Norges Bank purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth about $428,820,000. Victory Capital Management Inc. increased its stake in shares of Check Point Software Technologies by 2,704.5% in the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after purchasing an additional 1,258,034 shares in the last quarter. Invesco Ltd. increased its stake in shares of Check Point Software Technologies by 737.5% in the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock worth $224,042,000 after purchasing an additional 865,608 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Check Point Software Technologies by 5,396.1% in the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock worth $150,081,000 after purchasing an additional 646,504 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Check Point Software Technologies by 214.6% in the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock worth $197,086,000 after purchasing an additional 589,816 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.
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.
Read More
- Five stocks we like better than Check Point Software Technologies
- Should You Invest in Penny Stocks?
- AppLovin Dips on S&P 500 Snub, Morgan Stanley Lifts Target Anyway
- What is the Euro STOXX 50 Index?
- Casey’s Surges on Strong Q4, More Gains Likely Ahead
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Government Mandate Sends eVTOL Stocks Flying
Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.