Analysts Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) Target Price at $125.05

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has earned a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $124.85.

Several equities research analysts have weighed in on CHKP shares. Pritchard Capital increased their price target on Check Point Software Technologies from $128.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, February 4th. BTIG Research increased their price target on Check Point Software Technologies from $143.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, December 31st. Mizuho increased their price target on Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 12th. JPMorgan Chase & Co. downgraded Check Point Software Technologies from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $141.00 to $134.00 in a research report on Wednesday, December 9th. Finally, Oppenheimer restated an “outperform” rating and set a $155.00 target price on shares of Check Point Software Technologies in a research report on Thursday, February 11th.

NASDAQ CHKP opened at $114.93 on Monday. The stock’s fifty day moving average price is $114.52 and its 200 day moving average price is $121.26. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.82 and a beta of 0.66. Check Point Software Technologies has a 1 year low of $100.66 and a 1 year high of $139.26.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, February 2nd. The technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.06. The company had revenue of $563.80 million for the quarter, compared to the consensus estimate of $556.03 million. Check Point Software Technologies had a return on equity of 25.10% and a net margin of 41.47%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $2.02 EPS. As a group, sell-side analysts predict that Check Point Software Technologies will post 6.04 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $31,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Check Point Software Technologies by 65.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 248 shares of the technology company’s stock worth $33,000 after buying an additional 98 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Check Point Software Technologies by 384.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 286 shares of the technology company’s stock worth $38,000 after buying an additional 227 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Check Point Software Technologies by 524.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 306 shares of the technology company’s stock worth $41,000 after buying an additional 257 shares during the last quarter. Finally, RMR Wealth Builders acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $54,000. 67.86% of the stock is currently owned by institutional investors and hedge funds.

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 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; Check Point Network Security, security gateways and software platforms that support small business and large enterprise data center and telco-grade environment; and Check Point SandBlast family for threat prevention and zero-day protections.

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Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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