Check Point Software Technologies Ltd. (CHKP) Given Average Recommendation of “Hold” by Brokerages

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given a consensus recommendation of “Hold” by the thirty-three brokerages that are covering the firm, Marketbeat.com reports. Eighteen research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $111.13.

CHKP has been the subject of several research analyst reports. Morgan Stanley raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $87.00 to $107.00 in a research report on Tuesday, April 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $116.00 price target (up previously from $110.00) on shares of Check Point Software Technologies in a research report on Friday, April 21st. Cleveland Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. BTIG Research reaffirmed a “buy” rating and set a $118.00 price target on shares of Check Point Software Technologies in a research report on Monday, April 24th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, April 27th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after buying an additional 20 shares during the last quarter. Gateway Investment Advisers LLC increased its position in Check Point Software Technologies by 1.3% in the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after buying an additional 31 shares during the last quarter. Baldwin Investment Management LLC increased its position in Check Point Software Technologies by 0.7% in the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after buying an additional 34 shares during the last quarter. IFP Advisors Inc boosted its stake in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares during the period. Finally, Trust Co. of Vermont boosted its stake in Check Point Software Technologies by 2.2% in the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after buying an additional 39 shares during the period. Institutional investors own 72.46% of the company’s stock.

Check Point Software Technologies (NASDAQ CHKP) traded up 0.90% during mid-day trading on Monday, reaching $105.94. 940,713 shares of the company traded hands. Check Point Software Technologies has a 52-week low of $74.34 and a 52-week high of $116.63. The stock has a 50-day moving average of $109.65 and a 200 day moving average of $105.55. The stock has a market capitalization of $17.30 billion, a PE ratio of 23.51 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The firm had revenue of $458.60 million during the quarter, compared to analyst estimates of $454.62 million. During the same quarter in the prior year, the business posted $1.09 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts expect that Check Point Software Technologies will post $5.18 earnings per share for the current year.

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About Check Point Software Technologies

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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

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