Check Point Software Technologies (NASDAQ:CHKP – Get a Free Report) The price target was raised by research analysts at Jefferies Financial Group from $220.00 to $225.00 in a research note issued to investors on Thursday, Benzinga reports. The company currently has a buy rating on the technology company’s shares. Jefferies Financial Group’s price target indicates a potential upside of 19.65% from the stock’s previous closing price.
Several other research firms have also recently released reports on CHKP. Wedbush raised their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17. Stifel Nicolaus raised his price target on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday. Truist Financial raised their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 23. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 30. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $199.05.
Check out our latest stock report on CHKP
Check Point Software Technologies Stock Performance
Shares of NASDAQ CHKP opened at $188.05 on Thursday. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 25.69, a price-to-earnings ratio of 3.21, and a beta of 0.63. The company has a 50-day simple moving average of $186.59 and a two-hundred-day simple moving average of $181.77.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last reported its earnings results on Tuesday, October 29th. The technology company reported earnings per share of $2.25 for the quarter, beating analysts’ consensus expectations of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analyst expectations of $634.96 million. During the same period last year, the company earned earnings per share of $1.80. Check Point Software Technologies’ revenue for the quarter increased 6.5% year over year. On average, sell-side analysts predict that Check Point Software Technologies will post earnings per share of 7.87 for the current fiscal year.
Hedge funds weigh in on Check Point software technologies
Several institutional investors and hedge funds have recently changed their holdings in the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies during the third quarter valued at $27,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the third quarter valued at approximately $37,000. Arrow Financial Corp increased its stake in Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies in the third quarter worth approximately $60,000. Hedge funds and other institutional investors own 98.51% of the company’s shares.
Check Point Software Technologies Company Profile
(Get a free report)
Check Point Software Technologies Ltd. develops, sells and supports a range of IT security products and services worldwide. The company offers multi-level security architecture, cloud, network, mobile, endpoint intelligence and IoT solutions. It offers Check Point Infinity Architecture, a cybersecurity architecture that protects against fifth-generation cyber attacks across networks, endpoints, cloud, workloads, Internet of Things and mobile.
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