Check Point Software Technologies (NASDAQ:CHKP) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price objective trimmed by JPMorgan Chase & Co. from $167.00 to $155.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

CHKP has been the topic of a number of other reports. Barclays raised their price target on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday. Citigroup upped their price objective on shares of Check Point Software Technologies from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Raymond James Financial downgraded shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. TD Cowen restated a “buy” rating on shares of Check Point Software Technologies in a research report on Thursday, July 30th. Finally, Stifel Nicolaus set a $148.00 target price on shares of Check Point Software Technologies in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and twenty have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $151.32.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $148.18 on Tuesday. The stock’s 50-day simple moving average is $138.58 and its 200 day simple moving average is $140.90. The firm has a market capitalization of $15.13 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 4.22 and a beta of 0.43. The company has a quick ratio of 1.67, a current ratio of 1.60 and a debt-to-equity ratio of 0.75. Check Point Software Technologies has a twelve month low of $112.23 and a twelve month high of $206.43.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Monday, November 2nd. The technology company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.48 by $0.01. The firm had revenue of $669.80 million during the quarter, compared to the consensus estimate of $672.06 million. Check Point Software Technologies had a return on equity of 34.08% and a net margin of 31.74%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.94 earnings per share. On average, analysts anticipate that Check Point Software Technologies will post 8.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Check Point Software Technologies news, insider Nataly Kremer sold 3,185 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $150.08, for a total value of $478,004.80. Following the completion of the transaction, the insider directly owned 19,347 shares in the company, valued at approximately $2,903,597.76. This represents a 14.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently modified their holdings of CHKP. Fifth Third Bancorp raised its position in Check Point Software Technologies by 22.9% during the 3rd quarter. Fifth Third Bancorp now owns 563 shares of the technology company’s stock worth $72,000 after purchasing an additional 105 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Check Point Software Technologies by 10.6% in the 3rd quarter. Ritholtz Wealth Management now owns 2,751 shares of the technology company’s stock valued at $353,000 after buying an additional 264 shares during the last quarter. Jacobi Capital Management LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $42,000. First Command Advisory Services Inc. increased its stake in shares of Check Point Software Technologies by 252.2% in the third quarter. First Command Advisory Services Inc. now owns 6,917 shares of the technology company’s stock valued at $888,000 after buying an additional 4,953 shares during the period. Finally, M&G PLC increased its stake in shares of Check Point Software Technologies by 9.1% in the third quarter. M&G PLC now owns 257,348 shares of the technology company’s stock valued at $32,941,000 after buying an additional 21,435 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.

The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.