Brokerages Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) PT at $197.74

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned an average recommendation of “Hold” from the twenty-three ratings firms that are covering the stock, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $197.74.

A number of research firms have recently weighed in on CHKP. JPMorgan Chase & Co. boosted their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th.

Hedge Funds Weigh In On Check Point Software Technologies

A number of large investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the 1st quarter worth $211,000. Vanguard Group Inc. lifted its position in shares of Check Point Software Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company’s stock valued at $54,985,000 after buying an additional 4,194 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $442,000. O Shaughnessy Asset Management LLC grew its position in shares of Check Point Software Technologies by 6.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,161 shares of the technology company’s stock worth $2,651,000 after buying an additional 910 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Check Point Software Technologies by 2,173.6% during the 1st quarter. Bessemer Group Inc. now owns 124,024 shares of the technology company’s stock worth $20,342,000 after acquiring an additional 118,569 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 0.9 %

NASDAQ:CHKP opened at $181.51 on Wednesday. The business’s 50-day moving average is $189.82 and its 200 day moving average is $177.74. Check Point Software Technologies has a 12 month low of $143.28 and a 12 month high of $210.70. The company has a market capitalization of $19.96 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.10 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period in the prior year, the company earned $1.80 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Check Point Software Technologies will post 7.87 earnings per share for the current year.

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.