Brokerages Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) PT at $194.67

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given a consensus rating of “Hold” by the twenty-three research firms that are currently covering the company, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $197.74.

CHKP has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Evercore ISI raised their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday. BMO Capital Markets boosted their price objective on 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. Finally, Barclays reduced their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

Hedge Funds Weigh In On Check Point Software Technologies

A number of large investors have recently added to or reduced their stakes in the company. Swedbank AB bought a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $69,487,000. Boston Partners increased its position in shares of Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after purchasing an additional 419,404 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after purchasing an additional 391,983 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $47,244,000. Finally, Meitav Investment House Ltd. grew its stake in Check Point Software Technologies by 1,295.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock worth $34,557,000 after buying an additional 194,595 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $170.50 on Friday. Check Point Software Technologies has a 1-year low of $134.72 and a 1-year high of $210.70. The company has a market capitalization of $18.75 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.71 and a beta of 0.62. The firm’s 50 day simple moving average is $194.47 and its two-hundred day simple moving average is $174.75.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 earnings per share. On average, sell-side analysts anticipate that Check Point Software Technologies will post 7.84 earnings per share for the current fiscal 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.