As Benzinga reports, the price target for Check Point Software Technologies, Inc. (NASDAQ:CHKP – Get free report ) was raised by research analysts at JPMorgan Chase from $175.00 to $180.00 in a report released on Thursday. The firm now rates the technology company’s shares as “neutral.” JPMorgan Chase’s price target indicates a potential downside of 1.50% from the company’s previous closing price.
A number of other equity research analysts have also commented on CHKP recently. Needham & Company LLC reaffirmed their “hold” rating on shares of Check Point Software Technologies in a report on Thursday. KeyCorp raised their “hold” rating on shares of Check Point Software Technologies in a research note on Tuesday, May 14th. Susquehanna increased their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday. Stifel Nicolaus lowered their target price on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the company in a report on Friday, April 26th. Finally, Barclays raised their target price on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a report on Thursday. Fifteen analysts have rated the company’s stock as a “hold,” while 10 rate it as a “buy.” According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “hold,” with a consensus target price of $183.68.
Read the latest research report on CHKP
Check Point Software Technologies Inc., up 0.9%
Check Point Software Technologies Inc. shares opened trading at $182.74 on Thursday. The company’s 50-day simple moving average is $161.86 and its 200-day simple moving average is $160.22. Check Point Software Technologies Inc. has a 12-month low of $125.68 and a 12-month high of $184.67. The company has a market cap of $20.63 billion, a P/E ratio of 25.38, a price-to-earnings growth ratio of 2.84 and a beta of 0.62.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) announced its quarterly earnings on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61%, and a return on equity of 31.70%. The company’s quarterly revenue was $627.4 million, beating analyst expectations of $623.19 million. Year-over-year earnings per share were $1.74. The company’s quarterly revenue was up 6.6% year-over-year. Analysts expect Check Point Software Technologies to post earnings per share of $7.79 for the current fiscal year.
Check Point Software Technologies Institutional Trading
Large investors recently modified their holdings in this company. Boston Partners increased its holdings in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now holds 3,623,923 shares of the technology company’s stock, valued at $594,169,000, after purchasing an additional 419,404 shares during the period. Ninety One UK Limited increased its holdings in Check Point Software Technologies by 1.1% in the second quarter. Ninety One UK Limited now holds 3,608,785 shares of the technology company’s stock, valued at $595,450,000, after acquiring an additional 39,092 shares during the quarter. Nordea Investment Management AB increased its holdings in Check Point Software Technologies by 3.0% in the first quarter. Nordea Investment Management AB now holds 2,674,761 shares of the technology company’s stock valued at $440,266,000 after purchasing an additional 77,849 shares during the period.Morningstar Investment Services LLC increased its holdings in Check Point Software Technologies by 98.5% during the fourth quarter. Morningstar Investment Services LLC now holds 970,634 shares of the technology company’s stock valued at $148,080,000. It purchased an additional 481,626 shares in the last quarter.Finally, Westwood Global Investments LLC increased its holdings in Check Point Software Technologies by 1.2% during the first quarter. Westwood Global Investments LLC now holds 807,862 shares of the technology company’s stock valued at $132,497,000. 87.62% of the stock is owned by institutional investors.
Check Point Software Technologies Company Profile
(Get your free report)
Check Point Software Technologies Ltd. develops, sells and supports a range of products and services for IT security worldwide. The company offers multi-level security architecture, cloud, network, mobile device, endpoint information and IoT solutions. The company offers Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber attacks across a range of networks, endpoints, cloud, workloads, Internet of Things and mobile.
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