Oppenheimer Reiterates Market Perform Rating for Check Point Software Technologies (NASDAQ:CHKP)


Share on StockTwits

Check Point Software Technologies (NASDAQ:CHKP)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Oppenheimer in a report issued on Thursday, Benzinga reports.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $121.00 price target on the stock in a research report on Tuesday, April 6th. Mizuho lifted their price target on shares of 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. Pritchard Capital lifted their price target on shares of 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. OTR Global raised shares of Check Point Software Technologies to a “positive” rating in a research report on Friday, January 8th. Finally, BTIG Research boosted their price objective on shares of Check Point Software Technologies from $143.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, December 31st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $124.85.

Shares of CHKP opened at $118.83 on Thursday. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.82 and a beta of 0.66. Check Point Software Technologies has a 12 month low of $100.66 and a 12 month high of $139.26. The company has a 50-day moving average price of $114.58 and a two-hundred day moving average price of $121.11.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, February 2nd. The technology company reported $2.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.06. Check Point Software Technologies had a net margin of 41.47% and a return on equity of 25.10%. The company had revenue of $563.80 million during the quarter, compared to analyst estimates of $556.03 million. During the same quarter last year, the business posted $2.02 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Check Point Software Technologies will post 6.04 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of CHKP. Amundi Pioneer Asset Management Inc. increased its stake in Check Point Software Technologies by 2.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 108,323 shares of the technology company’s stock valued at $13,701,000 after buying an additional 2,720 shares during the last quarter. Morgan Stanley increased its stake in shares of Check Point Software Technologies by 1.1% during the 3rd quarter. Morgan Stanley now owns 111,170 shares of the technology company’s stock worth $13,379,000 after purchasing an additional 1,260 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $313,000. Cubist Systematic Strategies LLC increased its stake in shares of Check Point Software Technologies by 645.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 26,948 shares of the technology company’s stock worth $3,243,000 after purchasing an additional 23,334 shares during the last quarter. Finally, Kathmere Capital Management LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $92,000. Hedge funds and other institutional investors own 67.86% of the company’s stock.

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.

Featured Story: New Google Finance Tool and Screening Stocks

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.