Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Rating of “Hold” by Analysts

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given a consensus rating of “Hold” by the twenty-three brokerages that are currently covering the company, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $159.70.

CHKP has been the topic of several research reports. BMO Capital Markets increased their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. UBS Group increased their price objective on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. William Blair upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. Raymond James upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Finally, Citigroup increased their price objective on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $161.73 on Tuesday. The firm has a market cap of $19.53 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.64 and a beta of 0.61. The firm’s 50-day simple moving average is $162.63 and its 200-day simple moving average is $151.39. Check Point Software Technologies has a 1 year low of $117.18 and a 1 year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 EPS. On average, equities analysts predict that Check Point Software Technologies will post 7.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Check Point Software Technologies by 2.1% during the first quarter. BlackRock Inc. now owns 5,951,005 shares of the technology company’s stock valued at $773,631,000 after purchasing an additional 121,686 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Check Point Software Technologies by 1.6% during the third quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company’s stock valued at $579,517,000 after purchasing an additional 69,441 shares during the last quarter. Boston Partners lifted its stake in Check Point Software Technologies by 5.0% during the fourth quarter. Boston Partners now owns 3,204,519 shares of the technology company’s stock valued at $489,700,000 after purchasing an additional 151,657 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Check Point Software Technologies by 0.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock valued at $365,851,000 after acquiring an additional 7,493 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Check Point Software Technologies by 9.7% in the 4th quarter. Legal & General Group Plc now owns 2,236,028 shares of the technology company’s stock valued at $282,097,000 after acquiring an additional 197,179 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

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.