Check Point Software Technologies (NASDAQ:CHKP) Coverage Initiated by Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald began coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report issued on Thursday,Benzinga reports. The firm set a “neutral” rating and a $200.00 price target on the technology company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 9.18% from the company’s current price.

Other analysts also recently issued reports about the stock. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Mizuho raised their price target 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. Eighteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $199.27.

Check Point Software Technologies Trading Up 0.9 %

Shares of CHKP stock traded up $1.71 during trading hours on Thursday, reaching $183.19. The stock had a trading volume of 963,613 shares, compared to its average volume of 866,405. The stock’s fifty day simple moving average is $182.44 and its 200 day simple moving average is $184.61. The firm has a market capitalization of $20.15 billion, a PE ratio of 25.03, a PEG ratio of 3.21 and a beta of 0.63. 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 quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS 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 net margin of 33.17% and a return on equity of 31.84%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. As a group, equities research analysts anticipate that Check Point Software Technologies will post 7.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of CHKP. CWA Asset Management Group LLC lifted its position in shares of Check Point Software Technologies by 34.1% during the 4th quarter. CWA Asset Management Group LLC now owns 11,120 shares of the technology company’s stock valued at $2,076,000 after acquiring an additional 2,828 shares during the last quarter. GAMMA Investing LLC grew its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares in the last quarter. DGS Capital Management LLC grew its holdings in Check Point Software Technologies by 0.7% in the 3rd quarter. DGS Capital Management LLC now owns 11,809 shares of the technology company’s stock valued at $2,277,000 after buying an additional 87 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Check Point Software Technologies by 7.0% in the 3rd quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company’s stock valued at $34,665,000 after purchasing an additional 10,861 shares during the period. Finally, Peapack Gladstone Financial Corp raised its holdings in Check Point Software Technologies by 0.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company’s stock valued at $21,463,000 after acquiring an additional 872 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.