Check Point Software Technologies (CHKP) Upgraded at BidaskClub

BidaskClub upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a hold rating to a buy rating in a report issued on Saturday.

CHKP has been the topic of several other reports. BMO Capital Markets reduced their price target on Check Point Software Technologies to $120.00 and set a market perform rating on the stock in a research report on Friday, October 26th. Wedbush assumed coverage on Check Point Software Technologies in a research report on Thursday, October 18th. They issued an outperform rating and a $140.00 price target on the stock. Robert W. Baird restated a neutral rating on shares of Check Point Software Technologies in a research report on Thursday, October 18th. Jefferies Financial Group raised their price target on Check Point Software Technologies to $140.00 and gave the stock a buy rating in a research report on Wednesday, January 30th. Finally, Morgan Stanley reduced their target price on Check Point Software Technologies from $116.00 to $115.00 and set an equal weight rating on the stock in a report on Thursday, October 25th. Sixteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Check Point Software Technologies presently has a consensus rating of Hold and a consensus price target of $116.89.

NASDAQ:CHKP opened at $116.65 on Friday. Check Point Software Technologies has a 12-month low of $93.76 and a 12-month high of $120.81. The firm has a market capitalization of $19.00 billion, a PE ratio of 22.39, a P/E/G ratio of 2.19 and a beta of 0.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.05. Check Point Software Technologies had a return on equity of 22.77% and a net margin of 42.85%. The business had revenue of $526.00 million for the quarter, compared to analyst estimates of $518.03 million. During the same period last year, the company earned $1.58 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Check Point Software Technologies will post 5.49 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CHKP. Ruggie Capital Group lifted its holdings in shares of Check Point Software Technologies by 650.0% in the fourth quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock valued at $31,000 after purchasing an additional 260 shares in the last quarter. Ledyard National Bank lifted its holdings in shares of Check Point Software Technologies by 196.4% in the fourth quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock valued at $33,000 after purchasing an additional 216 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Check Point Software Technologies by 45.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock valued at $37,000 after purchasing an additional 112 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Check Point Software Technologies by 39,495.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock valued at $39,000 after purchasing an additional 3,980,748 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $56,000. Hedge funds and other institutional investors own 70.74% 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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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