Check Point Software Technologies (NASDAQ:CHKP) Given Neutral Rating at Guggenheim

Check Point Software Technologies (NASDAQ:CHKP)‘s stock had its “neutral” rating reaffirmed by investment analysts at Guggenheim in a research report issued on Friday,Benzinga reports.

Several other equities research analysts also recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Piper Sandler lifted their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Citigroup boosted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Robert W. Baird decreased their price target on shares of 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. Eighteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $203.05.

Check Point Software Technologies Trading Down 0.4 %

NASDAQ:CHKP traded down $0.78 on Friday, hitting $195.60. The company’s stock had a trading volume of 104,649 shares, compared to its average volume of 675,184. Check Point Software Technologies has a one year low of $145.75 and a one year high of $210.70. The stock has a fifty day moving average of $184.82 and a two-hundred day moving average of $186.21. The firm has a market capitalization of $21.51 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during 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 company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 earnings per share. As a group, sell-side analysts anticipate that Check Point Software Technologies will post 7.87 EPS for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. increased its stake in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after buying an additional 177,104 shares during the period. FMR LLC grew its holdings in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after acquiring an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares during the period. Swedbank AB lifted its holdings in shares of Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after purchasing an additional 4,760 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Check Point Software Technologies by 8.9% in the third quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock worth $57,563,000 after purchasing an additional 24,421 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.