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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have earned an average recommendation of "Hold" from the twenty-eight brokerages that are covering the firm, Marketbeat.com reports. Sixteen analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $232.04.

A number of research firms have issued reports on CHKP. Barclays upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Susquehanna increased their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a report on Friday, January 31st. UBS Group lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Truist Financial reiterated a "buy" rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Roth Capital assumed coverage on Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth $29,000. Horizon Investments LLC boosted its holdings 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 worth $36,000 after purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC bought a new position in Check Point Software Technologies in the first quarter valued at $37,000. Finally, GAMMA Investing LLC grew its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 1.2%

Shares of CHKP traded up $2.58 during mid-day trading on Wednesday, hitting $218.68. 519,217 shares of the company traded hands, compared to its average volume of 779,060. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.66. The business has a 50-day moving average of $219.41 and a 200 day moving average of $203.33. Check Point Software Technologies has a one year low of $145.75 and a one year high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The firm 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 32.40% and a net margin of 32.97%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $2.04 EPS. As a group, analysts anticipate that Check Point Software Technologies will post 8.61 earnings per share for the current year.

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.