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

Cantor Fitzgerald reaffirmed their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report released on Monday,Benzinga reports. They currently have a $200.00 price objective on the technology company’s stock.

Several other brokerages have also recently weighed in on CHKP. Truist Financial increased their price target on 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. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Barclays decreased their target price on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, Wedbush raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Seventeen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $205.10.

Check Point Software Technologies Trading Up 0.5 %

Shares of CHKP stock opened at $203.90 on Monday. The firm has a market capitalization of $22.42 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.05 and a beta of 0.63. The business’s 50-day moving average price is $186.66 and its 200-day moving average price is $187.10. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month 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 for the quarter, hitting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates 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 firm posted $1.80 EPS. On average, sell-side analysts predict that Check Point Software Technologies will post 7.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its stake in Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Check Point Software Technologies during the third quarter valued at about $1,599,000. MML Investors Services LLC grew its stake in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after acquiring an additional 3,655 shares in the last quarter. Martin Investment Management LLC increased its holdings in Check Point Software Technologies by 2.0% during the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after acquiring an additional 3,225 shares during the period. Finally, Chevy Chase Trust Holdings LLC lifted its stake in Check Point Software Technologies by 69.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock worth $4,502,000 after purchasing an additional 9,580 shares in 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.