Analysts Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) Price Target at $236.50

Key Points

• Check Point Software Technologies Ltd. has an average rating of "Hold" from 27 research firms, with 15 hold ratings, 11 buy ratings, and 1 strong buy rating.
• The stock's average twelve-month price target is $236.50, with varying targets from analysts ranging from $215.00 to $280.00.
• Institutional investors own 98.51% of the company's stock, suggesting strong confidence in Check Point Software Technologies within the investment community.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have earned an average rating of "Hold" from the twenty-seven research firms that are currently covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $231.92.

Several research analysts have recently issued reports on CHKP shares. UBS Group lowered their price target on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday. Barclays set a $215.00 price target on shares of Check Point Software Technologies in a report on Thursday. Jefferies Financial Group reiterated a "buy" rating and set a $230.00 price target on shares of Check Point Software Technologies in a report on Thursday. Morgan Stanley lowered their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a research note on Thursday.

Check Point Software Technologies Price Performance

CHKP traded up $2.06 during trading on Monday, hitting $188.73. 653,124 shares of the stock traded hands, compared to its average volume of 910,452. Check Point Software Technologies has a twelve month low of $169.01 and a twelve month high of $234.35. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.12 and a beta of 0.64. The business has a 50 day moving average price of $222.10 and a 200 day moving average price of $217.84.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The business had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. During the same period in the previous year, the business earned $2.17 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that Check Point Software Technologies will post 8.61 earnings per share for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

A number of large investors have recently added to or reduced their stakes in CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the 4th quarter worth $25,000. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $29,000. Horizon Investments LLC boosted its stake in shares of Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after purchasing an additional 85 shares in the last quarter. Cromwell Holdings LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $37,000. Finally, Abound Financial LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

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.