Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Consensus Recommendation of “Hold” from Analysts

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been assigned an average rating of “Hold” from the twenty-one analysts that are covering the company, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $169.18.

CHKP has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. BMO Capital Markets upped their target price on 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. Barclays raised their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. UBS Group raised their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Finally, Scotiabank upped their price target on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Wednesday, February 7th.

Check Point Software Technologies Stock Up 1.2 %

Shares of CHKP stock opened at $151.20 on Friday. The firm has a market cap of $18.26 billion, a PE ratio of 21.00, a P/E/G ratio of 2.42 and a beta of 0.64. Check Point Software Technologies has a 12 month low of $118.21 and a 12 month high of $168.82. The company’s fifty day simple moving average is $160.69 and its 200-day simple moving average is $153.30.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The company had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. On average, equities analysts predict that Check Point Software Technologies will post 7.79 earnings per share for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently made changes to their positions in CHKP. Assenagon Asset Management S.A. boosted its stake in Check Point Software Technologies by 52.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock valued at $8,508,000 after acquiring an additional 19,111 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth about $1,505,000. Unique Wealth Strategies LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth about $1,005,000. Tritonpoint Wealth LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $2,586,000. Finally, SG Americas Securities LLC lifted its position in Check Point Software Technologies by 81.9% in the 4th quarter. SG Americas Securities LLC now owns 27,303 shares of the technology company’s stock worth $4,172,000 after buying an additional 12,297 shares during the last quarter. Hedge funds and other institutional investors 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.