Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $232.04 Average Target Price from Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have received a consensus rating of “Hold” from the twenty-eight brokerages that are covering the company, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $232.04.

CHKP has been the topic of several research analyst reports. Arete Research raised Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Stephens reduced their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. StockNews.com upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Finally, Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $220.92 on Wednesday. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $234.36. The stock has a fifty day moving average price of $219.55 and a 200-day moving average price of $204.20.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business had revenue of $637.80 million during the quarter, compared to analysts’ expectations of $635.80 million. During the same quarter in the prior year, the business posted $2.04 earnings per share. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $29,000. GAMMA Investing LLC increased its stake in shares of Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. 98.51% of the stock is owned by institutional investors.

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 multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.