Check Point Software Technologies (NASDAQ:CHKP) Rating Reiterated by Wedbush

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report)'s stock had its "outperform" rating restated by analysts at Wedbush in a report issued on Friday, Benzinga reports. They presently have a $185.00 price objective on the technology company's stock. Wedbush's price target indicates a potential upside of 22.35% from the stock's previous close.

CHKP has been the topic of a number of other reports. UBS Group upped their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Royal Bank of Canada upped their price objective on shares of 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. William Blair upgraded shares of Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 31st. Scotiabank upped their price objective on shares of 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research report on Friday. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $164.00.

Check Point Software Technologies Stock Performance

Shares of CHKP stock traded down $1.75 on Friday, hitting $151.20. 1,275,451 shares of the stock traded hands, compared to its average volume of 732,373. The firm's 50-day moving average price is $161.64 and its two-hundred day moving average price is $152.78. The stock has a market capitalization of $18.26 billion, a PE ratio of 21.27, a PEG ratio of 2.61 and a beta of 0.61. Check Point Software Technologies has a twelve month low of $117.18 and a twelve month high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.72. The firm had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. On average, equities research analysts anticipate that Check Point Software Technologies will post 7.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

A number of institutional investors have recently bought and sold shares of CHKP. Acadian Asset Management LLC lifted its holdings in shares of Check Point Software Technologies by 1.6% during the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company's stock valued at $579,517,000 after buying an additional 69,441 shares during the last quarter. Boston Partners lifted its holdings in Check Point Software Technologies by 5.0% in the 4th quarter. Boston Partners now owns 3,204,519 shares of the technology company's stock worth $489,700,000 after purchasing an additional 151,657 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Check Point Software Technologies by 0.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company's stock worth $365,851,000 after purchasing an additional 7,493 shares during the last quarter. Legal & General Group Plc lifted its holdings in Check Point Software Technologies by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company's stock worth $216,822,000 after purchasing an additional 52,863 shares during the last quarter. Finally, Ariel Investments LLC lifted its holdings in Check Point Software Technologies by 121.2% in the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company's stock worth $144,391,000 after purchasing an additional 593,623 shares during the last quarter. Hedge funds and other institutional investors own 87.62% 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.