Other research analysts have also issued research reports about the company. Goldman Sachs Group began coverage on Check Point Software Technologies in a report on Tuesday, November 12th. They issued a neutral rating and a $123.00 target price on the stock. Bank of America downgraded Check Point Software Technologies from a buy rating to an underperform rating and decreased their price target for the stock from $130.00 to $116.00 in a report on Thursday, September 19th. Jefferies Financial Group downgraded Check Point Software Technologies from a buy rating to a hold rating and decreased their price target for the stock from $140.00 to $115.00 in a report on Monday, October 7th. OTR Global restated a negative rating on shares of Check Point Software Technologies in a research report on Monday, October 14th. Finally, Barclays dropped their price target on shares of Check Point Software Technologies from $127.00 to $116.00 and set an equal weight rating on the stock in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $118.82.
CHKP opened at $112.93 on Friday. The business’s 50-day simple moving average is $113.55 and its 200-day simple moving average is $112.39. The company has a market cap of $17.19 billion, a P/E ratio of 21.68, a PEG ratio of 2.41 and a beta of 0.78. Check Point Software Technologies has a one year low of $98.57 and a one year high of $132.76.
Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Monday, October 28th. The technology company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.04. The company had revenue of $490.91 million for the quarter, compared to analysts’ expectations of $490.94 million. Check Point Software Technologies had a net margin of 40.05% and a return on equity of 21.86%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.38 earnings per share. Analysts forecast that Check Point Software Technologies will post 5.51 EPS for the current year.
A number of large investors have recently made changes to their positions in CHKP. Integre Asset Management LLC acquired a new stake in shares of Check Point Software Technologies during the second quarter valued at $2,259,000. CWM LLC lifted its holdings in Check Point Software Technologies by 63.8% in the 2nd quarter. CWM LLC now owns 42,322 shares of the technology company’s stock valued at $4,893,000 after purchasing an additional 16,481 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in shares of Check Point Software Technologies by 10.2% during the 2nd quarter. AMP Capital Investors Ltd now owns 76,207 shares of the technology company’s stock worth $8,781,000 after purchasing an additional 7,035 shares during the last quarter. Carnick & Kubik Group LLC acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $838,000. Finally, M&T Bank Corp boosted its stake in shares of Check Point Software Technologies by 10.1% during the 2nd quarter. M&T Bank Corp now owns 13,486 shares of the technology company’s stock worth $1,559,000 after purchasing an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 68.49% 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 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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