Check Point Software Technologies’ (CHKP) “Neutral” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report published on Monday,Benzinga reports. The firm currently has a $200.00 price target on the technology company’s stock.

Several other analysts have also commented on the stock. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. 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 report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Finally, Truist Financial raised their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seventeen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $205.10.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $203.90 on Monday. The business’s 50-day moving average is $186.66 and its 200 day moving average is $187.10. The stock has a market capitalization of $22.42 billion, a PE ratio of 27.86, a PEG ratio of 3.05 and a beta of 0.63. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the firm posted $1.80 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

Several large investors have recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at about $27,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $33,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth $35,000. Finally, Concord Wealth Partners purchased a new position in Check Point Software Technologies during the third quarter valued at $37,000. 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.