Check Point Software Technologies (NASDAQ:CHKP) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note published on Thursday,Benzinga reports. The brokerage issued a neutral rating and a $200.00 target price on the technology company’s stock.

Several other research analysts have also weighed in on the stock. Mizuho increased their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Piper Sandler increased their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Robert W. Baird decreased their price objective on 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. Finally, Wedbush upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Eighteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $199.27.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $183.19 on Thursday. The firm has a 50 day simple moving average of $182.64 and a 200-day simple moving average of $184.60. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 3.21 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 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. 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 analysts’ expectations of $634.96 million. During the same quarter last year, the firm earned $1.80 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies will post 7.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies in the 3rd quarter valued at $27,000. GAMMA Investing LLC lifted 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 acquiring an additional 60 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at about $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the third quarter worth about $37,000. Finally, Arrow Financial Corp lifted its position in Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds 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.