Check Point Software Technologies (NASDAQ:CHKP) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) to a hold rating in a research report report published on Monday morning, Zacks.com reports.

CHKP has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the company a neutral rating in a research report on Thursday, July 25th. BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a market perform rating in a report on Thursday, July 25th. Truist Financial reissued a buy rating and set a $200.00 price target (up previously from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Robert W. Baird upped their price objective on Check Point Software Technologies from $168.00 to $200.00 and gave the company a neutral rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group increased their price objective on Check Point Software Technologies from $185.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of Hold and a consensus price target of $183.68.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $188.99 on Monday. Check Point Software Technologies has a 1-year low of $126.57 and a 1-year high of $195.29. The stock has a market cap of $21.34 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62. The firm has a fifty day moving average price of $183.61 and a 200 day moving average price of $167.32.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. As a group, equities analysts expect that Check Point Software Technologies will post 7.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC increased its holdings in Check Point Software Technologies by 15.1% during the 4th quarter. Private Advisor Group LLC now owns 1,970 shares of the technology company’s stock valued at $301,000 after acquiring an additional 258 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Check Point Software Technologies by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,799 shares of the technology company’s stock worth $21,665,000 after purchasing an additional 7,417 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Check Point Software Technologies by 69.3% during the 4th quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock valued at $4,129,000 after buying an additional 11,064 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Check Point Software Technologies by 6.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,717 shares of the technology company’s stock worth $262,000 after buying an additional 109 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Check Point Software Technologies by 9.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 3,570 shares of the technology company’s stock worth $545,000 after acquiring an additional 322 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

About Check Point Software Technologies

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.