Check Point Software Technologies (NASDAQ:CHKP – Get Rating) had its target price increased by Truist Financial from $130.00 to $140.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.
A number of other equity research analysts have also issued reports on the company. Guggenheim started coverage on Check Point Software Technologies in a research report on Monday, January 23rd. They issued a neutral rating on the stock. Royal Bank of Canada increased their price target on Check Point Software Technologies from $130.00 to $135.00 and gave the company a sector performance rating in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft lowered Check Point Software Technologies from a buy rating to a hold rating and cut their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 23rd. BMO Capital Markets cut their target price on Check Point Software Technologies from $152.00 to $151.00 and set an outperform rating on the stock in a research report on Tuesday. Finally, Piper Sandler raised their target price on Check Point Software Technologies from $125.00 to $130.00 in a research report on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $139.30.
Check Point Software Technologies Price Performance
CHKP stock opened at $125.97 on Tuesday. The firm has a market capitalization of $15.80 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.49 and a beta of 0.68. The business’s 50-day moving average is $128.27 and its two-hundred day moving average is $123.79. Check Point Software Technologies has a 1 year low of $107.54 and a 1 year high of $149.62.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last posted its quarterly earnings results on Monday, February 13th. The technology company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.09. The company had revenue of $638.50 million for the quarter, compared to analyst estimates of $636.24 million. Check Point Software Technologies has a return on equity of 26.20% and a net margin of 34.35%. Check Point Software Technologies’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 EPS. On average, analysts expect that Check Point Software Technologies will post 6.38 EPS for the current year.
Institutional Trading of Check Point Software Technologies
Several hedge funds have recently modified their holdings of CHKP. Trifecta Capital Advisors LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth $28,000. SeaCrest Wealth Management LLC acquired a new position in Check Point Software Technologies during the second quarter worth $33,000. Lindbrook Capital LLC raised its holdings in Check Point Software Technologies by 66.0% during the fourth quarter. Lindbrook Capital LLC now owns 259 shares of the technology company’s stock worth $33,000 after purchasing an additional 103 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Check Point Software Technologies by 86.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 339 shares of the technology company’s stock worth $43,000 after purchasing an additional 157 shares during the last quarter. Finally, Alta Advisers Ltd acquired a new position in Check Point Software Technologies during the third quarter worth $45,000. 64.76% of the stock is owned by institutional investors and hedge funds.
About Check Point Software Technologies
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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.
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