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

Guggenheim restated their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report sent to investors on Friday,Benzinga reports.

CHKP has been the subject of several other reports. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Finally, Robert W. Baird lowered their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Eighteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $203.05.

Check Point Software Technologies Trading Down 1.0 %

Shares of Check Point Software Technologies stock opened at $194.48 on Friday. The company’s 50-day moving average price is $185.60 and its 200-day moving average price is $186.57. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $210.70. The company has a market cap 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 posted 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. The business had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. On average, sell-side analysts predict that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Large investors have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 57 shares during the period. Regatta Capital Group LLC raised its position in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after purchasing an additional 57 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the period. Strategic Investment Advisors MI lifted its holdings in Check Point Software Technologies by 2.7% in the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock worth $423,000 after buying an additional 60 shares during the period. Finally, Brighton Jones LLC grew its position in shares of Check Point Software Technologies by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after buying an additional 66 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

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.