Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Average Rating of "Hold" by Brokerages

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty-eight analysts that are covering the stock, MarketBeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $232.04.

CHKP has been the subject of several recent analyst reports. Arete Research upgraded shares of Check Point Software Technologies to a "hold" rating in a research report on Monday, February 24th. Mizuho boosted their price target on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Finally, Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies during the fourth quarter valued at approximately $29,000. Horizon Investments LLC lifted its position in Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new position in shares of Check Point Software Technologies during the first quarter worth $37,000. Finally, Abound Financial LLC acquired a new position in shares of Check Point Software Technologies during the first quarter worth $40,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 1.0%

CHKP opened at $233.47 on Friday. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies has a 52-week low of $152.91 and a 52-week high of $234.36. The firm's fifty day simple moving average is $219.21 and its two-hundred day simple moving average is $208.94.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.02. The firm had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $2.04 earnings per share. On average, research analysts forecast that Check Point Software Technologies will post 8.61 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.

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