Check Point Software Technologies’ (CHKP) Neutral Rating Reaffirmed at Guggenheim

Guggenheim reissued their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report released on Friday morning,Benzinga reports.

CHKP has been the topic of several other reports. BMO Capital Markets lifted their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Robert W. Baird reduced their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Eighteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $203.05.

Check Point Software Technologies Stock Down 1.0 %

Shares of Check Point Software Technologies stock opened at $194.48 on Friday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $210.70. The stock’s 50-day simple moving average is $185.20 and its 200-day simple moving average is $186.28. The company has a market capitalization of $21.39 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the previous year, the firm posted $1.80 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

A number of hedge funds have recently bought and sold shares of CHKP. American Century Companies Inc. lifted its holdings in Check Point Software Technologies by 11.9% during the second quarter. American Century Companies Inc. now owns 18,110 shares of the technology company’s stock worth $2,988,000 after buying an additional 1,920 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Check Point Software Technologies during the second quarter worth $2,079,000. AE Wealth Management LLC purchased a new stake in Check Point Software Technologies during the second quarter worth $327,000. Squarepoint Ops LLC lifted its holdings in Check Point Software Technologies by 202.0% during the second quarter. Squarepoint Ops LLC now owns 53,347 shares of the technology company’s stock worth $8,802,000 after buying an additional 35,685 shares during the period. Finally, Toronto Dominion Bank purchased a new stake in Check Point Software Technologies during the second quarter worth $327,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

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 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.