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

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

Several other research analysts have also weighed in on CHKP. Susquehanna increased their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Friday. 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 for the company in a research note on Wednesday, October 30th. Barclays upped their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Morgan Stanley lifted their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $215.27.

Check Point Software Technologies Stock Down 0.4 %

Shares of Check Point Software Technologies stock opened at $218.02 on Friday. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The business’s fifty day moving average is $188.67 and its two-hundred day moving average is $187.76. The firm has a market cap of $23.98 billion, a PE ratio of 29.78, a P/E/G ratio of 3.19 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’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 business posted $1.80 earnings per share. Equities research analysts anticipate that Check Point Software Technologies will post 7.87 EPS for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its position in Check Point Software Technologies by 3.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after buying an additional 57 shares during the last quarter. Regatta Capital Group LLC boosted its holdings in Check Point Software Technologies by 4.9% in the fourth 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. Kingsview Wealth Management LLC grew its stake in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after purchasing an additional 57 shares in the last quarter. GAMMA Investing LLC increased its holdings in Check Point Software Technologies by 53.1% during 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 during the last quarter. Finally, Strategic Investment Advisors MI raised its position in shares of 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 valued at $423,000 after purchasing an additional 60 shares in the last quarter. 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.