Analysts’ Recent Ratings Changes for Check Point Software Technologies (CHKP)

Several analysts have recently updated their ratings and price targets for Check Point Software Technologies (NASDAQ: CHKP):

  • 8/13/2019 – Check Point Software Technologies was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/31/2019 – Check Point Software Technologies was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/25/2019 – Check Point Software Technologies had its “neutral” rating reaffirmed by analysts at Northland Securities.
  • 7/24/2019 – Check Point Software Technologies was given a new $105.00 price target on by analysts at Evercore ISI. They now have a “hold” rating on the stock.
  • 7/24/2019 – Check Point Software Technologies was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/24/2019 – Check Point Software Technologies had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $120.00 price target on the stock. They wrote, “We view the stable growth profile/capital structure as favorable to value- oriented investors.””
  • 7/17/2019 – Check Point Software Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/16/2019 – Check Point Software Technologies was downgraded by analysts at OTR Global to a “positive” rating.

Shares of CHKP traded down $3.13 during mid-day trading on Wednesday, hitting $107.49. 66,804 shares of the company’s stock were exchanged, compared to its average volume of 961,722. The firm has a market capitalization of $16.84 billion, a P/E ratio of 20.63, a PEG ratio of 2.29 and a beta of 0.79. Check Point Software Technologies Ltd. has a 52 week low of $98.57 and a 52 week high of $132.76. The stock has a 50-day moving average of $114.93.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.14. The company had revenue of $488.10 million during the quarter, compared to analysts’ expectations of $487.53 million. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. Equities research analysts predict that Check Point Software Technologies Ltd. will post 5.49 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Motco bought a new position in shares of Check Point Software Technologies in the second quarter valued at $26,000. Pinnacle Bank grew its stake in shares of Check Point Software Technologies by 69.7% in the second quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after buying an additional 106 shares in the last quarter. NuWave Investment Management LLC grew its stake in shares of Check Point Software Technologies by 64.5% in the second quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock valued at $36,000 after buying an additional 120 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Check Point Software Technologies in the second quarter valued at $37,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Check Point Software Technologies in the second quarter valued at $38,000. 71.08% of the stock is owned by institutional investors.

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 and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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