Check Point Software Technologies (NASDAQ:CHKP) Given New $150.00 Price Target at BMO Capital Markets

Check Point Software Technologies (NASDAQ:CHKPGet Rating) had its price objective decreased by BMO Capital Markets from $155.00 to $150.00 in a report released on Tuesday, The Fly reports. BMO Capital Markets currently has a maintains rating on the technology company’s stock.

Several other research analysts have also recently weighed in on CHKP. Wedbush boosted their price objective on Check Point Software Technologies from $142.00 to $155.00 and gave the stock an outperform rating in a research report on Thursday, April 14th. Royal Bank of Canada increased their price objective on Check Point Software Technologies from $139.00 to $145.00 and gave the stock a sector perform rating in a report on Monday, April 25th. Credit Suisse Group upped their price objective on shares of Check Point Software Technologies from $105.00 to $115.00 in a research report on Thursday, April 28th. Barclays decreased their price objective on Check Point Software Technologies from $145.00 to $140.00 and set an equal weight rating on the stock in a report on Tuesday. Finally, Bank of America upgraded Check Point Software Technologies from an underperform rating to a buy rating and boosted their price objective for the company from $130.00 to $140.00 in a research report on Wednesday, July 20th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $138.29.

Check Point Software Technologies Trading Down 0.5 %

Shares of CHKP stock opened at $118.39 on Tuesday. The business’s 50-day moving average price is $123.88 and its 200-day moving average price is $129.44. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.75 and a beta of 0.60. Check Point Software Technologies has a 12 month low of $107.85 and a 12 month high of $149.62.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last released its quarterly earnings data on Monday, August 1st. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.62 by $0.02. The firm had revenue of $571.10 million during the quarter, compared to the consensus estimate of $560.40 million. Check Point Software Technologies had a return on equity of 25.35% and a net margin of 36.43%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. On average, sell-side analysts predict that Check Point Software Technologies will post 6.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners boosted its stake in shares of Check Point Software Technologies by 17,268.0% during the 1st quarter. Boston Partners now owns 1,873,144 shares of the technology company’s stock worth $259,013,000 after acquiring an additional 1,862,359 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Check Point Software Technologies by 79.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 900,204 shares of the technology company’s stock worth $109,626,000 after acquiring an additional 397,986 shares during the last quarter. Ardevora Asset Management LLP purchased a new position in shares of Check Point Software Technologies during the 1st quarter worth $52,572,000. Nordea Investment Management AB boosted its stake in shares of Check Point Software Technologies by 11.7% during the 1st quarter. Nordea Investment Management AB now owns 3,303,458 shares of the technology company’s stock worth $459,379,000 after acquiring an additional 345,565 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd purchased a new position in shares of Check Point Software Technologies during the 1st quarter worth $34,635,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.

Check Point Software Technologies Company Profile

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Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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