Check Point Software Technologies Ltd. (NASDAQ:CHKP) has received an average recommendation of “Hold” from the twenty-three research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $121.39.
Several equities analysts have recently commented on CHKP shares. BidaskClub lowered Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Northland Securities started coverage on Boingo Wireless in a research report on Monday, April 22nd. They set a “buy” rating and a $30.00 price objective on the stock. Oppenheimer increased their price objective on Check Point Software Technologies from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. OTR Global lowered Check Point Software Technologies to a “positive” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets set a $44.00 target price on Schlumberger and gave the company a “hold” rating in a report on Monday, April 22nd.
A number of hedge funds have recently modified their holdings of CHKP. Pinnacle Bank lifted its holdings in Check Point Software Technologies by 69.7% in the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock worth $30,000 after buying an additional 106 shares during the period. NuWave Investment Management LLC lifted its holdings in Check Point Software Technologies by 64.5% in the 2nd quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock worth $36,000 after buying an additional 120 shares during the period. First Personal Financial Services lifted its holdings in Check Point Software Technologies by 64.8% in the 1st quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock worth $47,000 after buying an additional 147 shares during the period. Meridian Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 1st quarter worth approximately $63,000. Finally, Bremer Bank National Association purchased a new stake in Check Point Software Technologies in the 1st quarter worth approximately $72,000. Institutional investors own 71.26% of the company’s stock.
Shares of Check Point Software Technologies stock traded down $0.23 during trading on Friday, hitting $115.04. 18,970 shares of the stock traded hands, compared to its average volume of 767,568. The company has a market capitalization of $17.58 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.38 and a beta of 0.78. The business has a fifty day simple moving average of $115.55. Check Point Software Technologies has a 52 week low of $98.57 and a 52 week high of $132.76.
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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.
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