Check Point Software Technologies (NASDAQ:CHKP) PT Lowered to $140.00 at Barclays

Check Point Software Technologies (NASDAQ:CHKPGet Rating) had its target price cut by Barclays from $145.00 to $140.00 in a report issued on Tuesday, The Fly reports. They currently have an equal weight rating on the technology company’s stock.

Several other brokerages have also weighed in on CHKP. Credit Suisse Group upped their target price on Check Point Software Technologies from $105.00 to $115.00 in a research report on Thursday, April 28th. Royal Bank of Canada raised their price target on Check Point Software Technologies from $139.00 to $145.00 and gave the company a sector perform rating in a report on Monday, April 25th. Piper Sandler dropped their price target on Check Point Software Technologies from $130.00 to $120.00 in a report on Wednesday, July 13th. Wells Fargo & Company decreased their price objective on Check Point Software Technologies from $144.00 to $130.00 in a research note on Thursday, April 28th. Finally, Bank of America raised Check Point Software Technologies from an underperform rating to a buy rating and lifted their price objective for the stock from $130.00 to $140.00 in a research note on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $138.00.

Check Point Software Technologies Trading Up 0.4 %

Shares of NASDAQ CHKP opened at $119.31 on Tuesday. Check Point Software Technologies has a twelve month low of $107.85 and a twelve month high of $149.62. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.60 and a beta of 0.60. The business has a 50 day simple moving average of $123.53 and a 200-day simple moving average of $129.27.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last announced its quarterly earnings results on Monday, August 1st. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.02. The company had revenue of $571.10 million during the quarter, compared to analyst estimates of $560.40 million. Check Point Software Technologies had a return on equity of 25.49% and a net margin of 35.15%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, equities analysts predict that Check Point Software Technologies will post 6.18 earnings per share for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors have recently made changes to their positions in the company. Tcwp LLC bought a new position in Check Point Software Technologies in the first quarter worth approximately $26,000. AdvisorNet Financial Inc increased its holdings in Check Point Software Technologies by 107.0% in the 1st quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. MV Capital Management Inc. bought a new stake in Check Point Software Technologies in the 1st quarter valued at $45,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth $49,000. Finally, West Bancorporation Inc. purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth $66,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.

Check Point Software Technologies Company Profile

(Get Rating)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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