Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) has received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $138.30.
Several brokerages have recently commented on CHKP. Macquarie began coverage on Check Point Software Technologies in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $129.00 price target on the stock. Piper Sandler upped their price target on Check Point Software Technologies from $125.00 to $130.00 in a research note on Thursday, January 5th. Morgan Stanley upped their price target on Check Point Software Technologies from $120.00 to $125.00 and gave the company an “underweight” rating in a research note on Friday, October 28th. Wells Fargo & Company upped their price target on Check Point Software Technologies from $120.00 to $130.00 in a research note on Friday, October 28th. Finally, Royal Bank of Canada boosted their price objective on Check Point Software Technologies from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, October 28th.
Institutional Trading of Check Point Software Technologies
Large investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at about $33,000. Alta Advisers Ltd acquired a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $45,000. Brown Brothers Harriman & Co. lifted its position in Check Point Software Technologies by 75.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 568 shares of the technology company’s stock worth $79,000 after acquiring an additional 244 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $65,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Check Point Software Technologies by 556.5% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 604 shares of the technology company’s stock worth $68,000 after acquiring an additional 512 shares during the period. 64.76% of the stock is owned by institutional investors and hedge funds.
Check Point Software Technologies Stock Performance
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The technology company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.06. The company had revenue of $577.60 million for the quarter, compared to analyst estimates of $571.78 million. Check Point Software Technologies had a return on equity of 26.20% and a net margin of 34.35%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. As a group, sell-side analysts forecast that Check Point Software Technologies will post 6.37 EPS for the current year.
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.
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