Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $232.44 Average PT from Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have earned an average rating of "Hold" from the twenty-eight brokerages that are currently covering the company, Marketbeat reports. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $232.44.

CHKP has been the subject of several research reports. Scotiabank decreased their price objective on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Wedbush reaffirmed an "outperform" rating and set a $240.00 price target on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Bank of America raised Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Mizuho upped their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, Morgan Stanley lowered their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional 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 fourth quarter valued at $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $29,000. Horizon Investments LLC lifted its position in Check Point Software Technologies by 116.4% in 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 during the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $37,000. Finally, Abound Financial LLC bought a new position in Check Point Software Technologies in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded up $4.19 during midday trading on Thursday, reaching $223.58. The stock had a trading volume of 304,434 shares, compared to its average volume of 785,922. The stock's 50-day simple moving average is $221.41 and its 200 day simple moving average is $213.44. Check Point Software Technologies has a twelve month low of $166.56 and a twelve month high of $234.36. The stock has a market capitalization of $24.59 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The company's revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 EPS. Equities analysts predict that Check Point Software Technologies will post 8.61 earnings per share for the current fiscal 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.