Check Point Software Technologies (NASDAQ:CHKP – Free Report) had its price objective lowered by Jefferies Financial Group from $185.00 to $175.00 in a report published on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.
CHKP has been the subject of several other research reports. Roth Capital set a $105.00 price target on shares of Check Point Software Technologies in a report on Friday, July 31st. Susquehanna raised their price objective on Check Point Software Technologies from $150.00 to $165.00 and gave the stock a “positive” rating in a research note on Tuesday. Barclays lifted their target price on Check Point Software Technologies from $140.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Cowen reissued a “buy” rating on shares of Check Point Software Technologies in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 target price on shares of Check Point Software Technologies in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and twenty have issued a Hold rating to the company. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $151.32.
Check Point Software Technologies Stock Up 0.5%
Check Point Software Technologies stock opened at $148.18 on Tuesday. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 4.22 and a beta of 0.43. The company’s 50 day simple moving average is $138.58 and its 200 day simple moving average is $140.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.67. Check Point Software Technologies has a fifty-two week low of $112.23 and a fifty-two week high of $206.43.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last issued its earnings results on Monday, November 2nd. The technology company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.48 by $0.01. The firm had revenue of $669.80 million during the quarter, compared to the consensus estimate of $672.06 million. Check Point Software Technologies had a net margin of 31.74% and a return on equity of 34.08%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.94 earnings per share. As a group, sell-side analysts anticipate that Check Point Software Technologies will post 8.45 EPS for the current year.
Insider Activity at Check Point Software Technologies
In related news, insider Nataly Kremer sold 3,185 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $150.08, for a total transaction of $478,004.80. Following the sale, the insider directly owned 19,347 shares in the company, valued at $2,903,597.76. This trade represents a 14.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Check Point Software Technologies
Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of Check Point Software Technologies by 22.9% in the 3rd quarter. Fifth Third Bancorp now owns 563 shares of the technology company’s stock valued at $72,000 after purchasing an additional 105 shares during the period. Ritholtz Wealth Management boosted its position in shares of Check Point Software Technologies by 10.6% during the third quarter. Ritholtz Wealth Management now owns 2,751 shares of the technology company’s stock worth $353,000 after buying an additional 264 shares during the period. Jacobi Capital Management LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth about $42,000. First Command Advisory Services Inc. boosted its position in shares of Check Point Software Technologies by 252.2% during the third quarter. First Command Advisory Services Inc. now owns 6,917 shares of the technology company’s stock worth $888,000 after buying an additional 4,953 shares during the period. Finally, M&G PLC grew its holdings in shares of Check Point Software Technologies by 9.1% during the third quarter. M&G PLC now owns 257,348 shares of the technology company’s stock worth $32,941,000 after buying an additional 21,435 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Company Profile
Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.
The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.
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