Check Point Software Technologies (NASDAQ:CHKP) Receives “Neutral” Rating from Mizuho

Mizuho reiterated their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report published on Wednesday morning, Benzinga reports. They currently have a $160.00 price objective on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a market perform rating in a research report on Wednesday, February 7th. Royal Bank of Canada boosted their target price on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a sector perform rating in a research note on Wednesday, February 7th. William Blair upgraded Check Point Software Technologies from a market perform rating to an outperform rating in a research note on Wednesday, January 31st. Susquehanna raised their target price on shares of 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. Finally, Citigroup upped their price target on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the company a neutral rating in a research report on Wednesday, January 10th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $159.70.

Check Point Software Technologies Stock Up 0.0 %

Shares of NASDAQ CHKP opened at $164.15 on Wednesday. The business’s 50 day moving average is $161.44 and its two-hundred day moving average is $148.94. Check Point Software Technologies has a 52-week low of $117.18 and a 52-week high of $168.82. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.67 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.10. The firm had revenue of $663.50 million for the quarter, compared to the consensus estimate of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.23 EPS. Analysts anticipate that Check Point Software Technologies will post 7.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Voya Financial Advisors Inc. boosted its position in Check Point Software Technologies by 1.0% during the fourth quarter. Voya Financial Advisors Inc. now owns 6,902 shares of the technology company’s stock worth $1,053,000 after purchasing an additional 70 shares in the last quarter. BSW Wealth Partners grew its stake in Check Point Software Technologies by 3.7% in the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after acquiring an additional 78 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its holdings in Check Point Software Technologies by 3.1% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 2,821 shares of the technology company’s stock valued at $354,000 after acquiring an additional 85 shares in the last quarter. Guardian Wealth Management Inc. raised its position in Check Point Software Technologies by 0.5% during the fourth quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock worth $2,847,000 after acquiring an additional 85 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Check Point Software Technologies by 3.6% in the third quarter. Koshinski Asset Management Inc. now owns 2,559 shares of the technology company’s stock valued at $341,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

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.