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

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has been assigned a consensus rating of "Hold" from the twenty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $159.70.

Several brokerages recently weighed in on CHKP. BMO Capital Markets increased their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 7th. Susquehanna increased their price objective on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a "positive" rating in a research report on Wednesday, February 7th. UBS Group increased their price objective on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 10th. Royal Bank of Canada increased their price objective on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 7th. Finally, Scotiabank increased their price objective on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, February 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHKP. Concord Wealth Partners purchased a new position in Check Point Software Technologies in the third quarter valued at $25,000. CNB Bank acquired a new stake in Check Point Software Technologies in the third quarter valued at $27,000. Resurgent Financial Advisors LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $28,000. Bruce G. Allen Investments LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $30,000. Finally, Richardson Financial Services Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $33,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP traded down $0.39 during midday trading on Tuesday, hitting $163.75. The company had a trading volume of 436,636 shares, compared to its average volume of 720,109. Check Point Software Technologies has a twelve month low of $117.18 and a twelve month high of $168.82. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 2.66 and a beta of 0.61. The business's 50-day simple moving average is $162.49 and its 200-day simple moving average is $150.91.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The firm had revenue of $663.50 million during the quarter, compared to analysts' expectations of $662.09 million. During the same quarter last year, the firm earned $2.23 earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Check Point Software Technologies will post 7.85 EPS 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.