Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its target price upped by equities research analysts at Mizuho from $178.00 to $205.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. Mizuho's price objective would suggest a potential downside of 0.43% from the company's previous close.
A number of other brokerages have also recently issued reports on CHKP. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Truist Financial reaffirmed a "buy" rating and set a $200.00 price objective (up previously from $175.00) on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Evercore ISI raised Check Point Software Technologies to a "hold" rating in a research note on Monday, September 16th. Finally, Barclays raised their price target on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of "Hold" and a consensus target price of $190.89.
Get Our Latest Stock Report on CHKP
Shares of Check Point Software Technologies stock opened at $205.88 on Thursday. The firm has a fifty day moving average of $192.08 and a two-hundred day moving average of $172.10. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.17 and a beta of 0.62. Check Point Software Technologies has a 52 week low of $126.57 and a 52 week high of $210.70.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same quarter in the prior year, the company posted $1.74 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. As a group, research analysts forecast that Check Point Software Technologies will post 7.83 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Bleakley Financial Group LLC raised its position in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock worth $346,000 after acquiring an additional 57 shares in the last quarter. Heritage Family Offices LLP raised its holdings in shares of Check Point Software Technologies by 1.6% in the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company's stock valued at $942,000 after purchasing an additional 77 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in Check Point Software Technologies by 1.3% in the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company's stock valued at $978,000 after purchasing an additional 78 shares during the last quarter. Heron Bay Capital Management grew its holdings in Check Point Software Technologies by 0.3% during the second quarter. Heron Bay Capital Management now owns 32,873 shares of the technology company's stock worth $5,424,000 after purchasing an additional 92 shares during the period. Finally, Mather Group LLC. increased its position in Check Point Software Technologies by 5.1% during the second quarter. Mather Group LLC. now owns 2,056 shares of the technology company's stock worth $337,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.
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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