The price target for Check Point Software Technologies, Inc. (NASDAQ:CHKP – Get Free Report ) was raised by investment analysts at BMO Capital Markets from $180.00 to $200.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently rates the technology company’s shares as “in line with the market average.” BMO Capital Markets’ price target suggests a potential upside of 9.45% from the company’s current share price.
Other stock analysts have also recently issued research reports on the company. Susquehanna increased their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a report on Thursday. Wedbush raised their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday. Robert W. Baird raised their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Mizuho reaffirmed a “neutral” rating and issued a $160.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Fifteen analysts have rated the stock as a “hold,” while ten have rated it as a “buy.” According to MarketBeat, the company’s current consensus rating is a “hold,” with an average price target of $183.68.
Get the latest analysis on CHKP
Check Point Software Technologies Stock Performance
NASDAQ CHKP opened trading at $182.74 on Thursday.Check Point Software Technologies has a 12-month low of $125.68 and a 12-month high of $184.67. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio (PE) of 25.38, a price-to-earnings ratio (PEG) of 2.84 and a beta of 0.62. The stock’s 50-day simple moving average is $161.86 and its 200-day simple moving average is $160.22.
Check Point Software Technologies (NASDAQ:CHKP – Get free report ) last released its quarterly earnings data 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 return on equity of 31.70%, and a net margin of 33.61%. The business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same period last year, the company earned $1.74 per share. The company’s revenue grew 6.6% year over year. Equity research analysts expect Check Point Software Technologies to post earnings per share of 7.79 for the current fiscal year.
Institutional investor inflows and outflows
A number of large investors have recently modified their holdings of stocks. Argonautica Private Wealth Management Inc. increased its holdings in Check Point Software Technologies by 1.3% in the second quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock, valued at $978,000, after purchasing an additional 78 shares during the period. Simmons Bank increased its holdings in Check Point Software Technologies by 11.2% in the second quarter. Simmons Bank now owns 28,895 shares of the technology company’s stock, valued at $4.768 million, after acquiring an additional 2,901 shares in the last quarter. Patriot Financial Group Insurance Agency Inc. increased its holdings in Check Point Software Technologies by 16.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 5,336 shares of the technology company’s stock valued at $880,000 after acquiring an additional 735 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Check Point Software Technologies by 7.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,569 shares of the technology company’s stock valued at $2.569 million after acquiring an additional 1,077 shares in the last quarter. Finally, ARK Investment Management LLC increased its holdings in Check Point Software Technologies by 1.8% in the second quarter. ARK Investment Management LLC now owns 13,669 shares of the technology company’s stock valued at $2.255 million after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.
About Check Point Software Technologies
(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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