Check Point Software Technologies Ltd. (NASDAQ:CHKP) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday, July 25th.
A number of other equities research analysts have also issued reports on the stock. Barclays PLC raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $95.00 to $112.00 in a research note on Friday, April 28th. Vetr lowered shares of Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price for the company. in a research note on Thursday, May 25th. Morgan Stanley raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $87.00 to $107.00 in a research note on Tuesday, April 18th. Zacks Investment Research lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, BMO Capital Markets reissued a “hold” rating and set a $117.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 27th. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $109.25.
Check Point Software Technologies (NASDAQ CHKP) traded up 0.05% during trading on Tuesday, reaching $106.14. The company’s stock had a trading volume of 493,514 shares. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 23.55 and a beta of 0.72. Check Point Software Technologies has a 52 week low of $74.34 and a 52 week high of $116.63. The firm has a 50 day moving average of $110.64 and a 200 day moving average of $105.17.
Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.04. The business had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. Analysts expect that Check Point Software Technologies will post $5.18 EPS for the current year.
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A number of large investors have recently modified their holdings of CHKP. MARSHALL WACE ASIA Ltd increased its stake in shares of Check Point Software Technologies by 62.4% in the second quarter. MARSHALL WACE ASIA Ltd now owns 432,802 shares of the technology company’s stock valued at $47,175,000 after buying an additional 166,250 shares during the last quarter. Torray LLC purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $14,040,000. State Board of Administration of Florida Retirement System boosted its position in Check Point Software Technologies by 45.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 17,018 shares of the technology company’s stock valued at $1,856,000 after buying an additional 5,340 shares during the period. William Blair Investment Management LLC boosted its position in Check Point Software Technologies by 3.8% in the second quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock valued at $289,870,000 after buying an additional 96,571 shares during the period. Finally, Nippon Life Insurance Co. boosted its position in Check Point Software Technologies by 5.8% in the second quarter. Nippon Life Insurance Co. now owns 11,829 shares of the technology company’s stock valued at $1,290,000 after buying an additional 652 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.
Check Point Software Technologies Company Profile
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.
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