Check Point Software Technologies (NASDAQ:CHKP – Get Rating) had its price target trimmed by Robert W. Baird from $140.00 to $130.00 in a report issued on Tuesday morning, The Fly reports.
A number of other research analysts have also commented on the company. Jefferies Financial Group upgraded Check Point Software Technologies from a hold rating to a buy rating and upped their target price for the company from $135.00 to $150.00 in a research note on Thursday, January 5th. Credit Suisse Group restated an underperform rating and issued a $115.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, February 15th. FBN Securities cut their target price on Check Point Software Technologies from $155.00 to $150.00 in a research note on Monday, February 13th. Raymond James lowered Check Point Software Technologies from an outperform rating to a market perform rating in a research note on Friday, April 14th. Finally, Citigroup dropped their price objective on Check Point Software Technologies from $129.00 to $125.00 in a research note on Tuesday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of Hold and an average target price of $134.09.
Check Point Software Technologies Stock Up 1.9 %
Shares of CHKP stock opened at $120.75 on Tuesday. Check Point Software Technologies has a 12 month low of $107.54 and a 12 month high of $135.93. The firm has a market cap of $15.14 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.51 and a beta of 0.69. The stock has a 50 day moving average of $128.10 and a 200-day moving average of $127.59.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.31. Check Point Software Technologies has a return on equity of 27.22% and a net margin of 34.20%. The company had revenue of $566.20 million during the quarter, compared to analyst estimates of $568.83 million. During the same period in the previous year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equity analysts predict that Check Point Software Technologies will post 6.95 EPS for the current fiscal year.
Institutional Trading of Check Point Software Technologies
Several large investors have recently made changes to their positions in CHKP. Robeco Institutional Asset Management BV bought a new position in Check Point Software Technologies in the fourth quarter valued at about $202,767,000. Massachusetts Financial Services Co. MA boosted its holdings in Check Point Software Technologies by 20.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,631,197 shares of the technology company’s stock valued at $854,846,000 after acquiring an additional 1,280,868 shares during the last quarter. Norges Bank bought a new position in Check Point Software Technologies in the fourth quarter valued at about $80,456,000. ETF Managers Group LLC bought a new position in Check Point Software Technologies in the first quarter valued at about $72,490,000. Finally, TAM Capital Management Inc. bought a new position in Check Point Software Technologies in the fourth quarter valued at about $69,967,000. Institutional investors own 64.76% of the company’s stock.
Check Point Software Technologies Company Profile
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Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.
Further Reading
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