Check Point Software Technologies (NASDAQ:CHKP) Upgraded to “Hold” at Evercore ISI

Evercore ISI upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) to a hold rating in a research note published on Monday, Zacks.com reports.

A number of other brokerages also recently commented on CHKP. Susquehanna raised their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a positive rating in a research report on Thursday, July 25th. Barclays raised their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an equal weight rating in a research report on Thursday, July 25th. BMO Capital Markets boosted their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a market perform rating in a report on Thursday, July 25th. Wedbush raised their price objective on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, July 25th. Finally, Scotiabank upped their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a sector outperform rating in a research note on Thursday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $183.68.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $191.70 on Monday. Check Point Software Technologies has a one year low of $126.57 and a one year high of $195.29. The company has a fifty day moving average price of $183.24 and a 200 day moving average price of $167.17. The stock has a market cap of $21.64 billion, a P/E ratio of 26.63, a PEG ratio of 2.96 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. During the same quarter in the previous year, the firm posted $1.74 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Check Point Software Technologies will post 7.83 EPS for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its holdings in shares of Check Point Software Technologies by 15.1% in the fourth quarter. Private Advisor Group LLC now owns 1,970 shares of the technology company’s stock valued at $301,000 after purchasing an additional 258 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Check Point Software Technologies by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,799 shares of the technology company’s stock valued at $21,665,000 after buying an additional 7,417 shares during the period. Principal Financial Group Inc. raised its position in shares of Check Point Software Technologies by 69.3% during the fourth quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock worth $4,129,000 after acquiring an additional 11,064 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Check Point Software Technologies by 6.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,717 shares of the technology company’s stock valued at $262,000 after acquiring an additional 109 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Check Point Software Technologies by 9.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 3,570 shares of the technology company’s stock valued at $545,000 after acquiring an additional 322 shares during the last quarter. 87.62% 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.