Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its price objective raised by BMO Capital Markets from $200.00 to $238.00 in a note issued to investors on Friday, Briefing.com reports. The brokerage presently has a "market perform" rating on the technology company's stock. BMO Capital Markets' price objective would suggest a potential upside of 15.87% from the stock's previous close.
Several other analysts also recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a "sector perform" rating in a report on Thursday, July 25th. Barclays increased their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 25th. Mizuho lifted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Wedbush boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 9th. Finally, Evercore ISI raised shares of Check Point Software Technologies to a "hold" rating in a research note on Monday, September 16th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $194.67.
View Our Latest Report on Check Point Software Technologies
NASDAQ CHKP opened at $205.40 on Friday. The stock has a fifty day simple moving average of $194.49 and a 200-day simple moving average of $173.59. The stock has a market cap of $23.19 billion, a PE ratio of 28.53, a P/E/G ratio of 3.17 and a beta of 0.62. Check Point Software Technologies has a twelve month low of $126.57 and a twelve month high of $210.70.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.01. The company had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share. Research analysts predict that Check Point Software Technologies will post 7.83 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in Check Point Software Technologies by 1.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company's stock valued at $1,042,000 after purchasing an additional 66 shares in the last quarter. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $37,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Check Point Software Technologies by 115.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,992 shares of the technology company's stock valued at $963,000 after buying an additional 2,674 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Check Point Software Technologies during the third quarter worth $346,000. Finally, NorthCrest Asset Manangement LLC raised its position in Check Point Software Technologies by 1.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 72,932 shares of the technology company's stock worth $14,062,000 after acquiring an additional 1,078 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
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.
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