Check Point Software Technologies (NASDAQ:CHKP) Downgraded by OTR Global

Check Point Software Technologies (NASDAQ:CHKP) was downgraded by equities researchers at OTR Global to a “positive” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other brokerages also recently issued reports on CHKP. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BMO Capital Markets set a $44.00 price objective on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. Oppenheimer lifted their price objective on Check Point Software Technologies from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Mizuho began coverage on Fortinet in a research report on Tuesday, March 26th. They set a “neutral” rating and a $90.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $122.00.

Shares of Check Point Software Technologies stock opened at $115.99 on Tuesday. Check Point Software Technologies has a 1 year low of $98.57 and a 1 year high of $132.76. The firm has a market cap of $17.70 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.39 and a beta of 0.78. The stock’s 50 day moving average is $115.04.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 18th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.01. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. The firm had revenue of $471.83 million during the quarter, compared to the consensus estimate of $471.16 million. During the same period in the previous year, the firm posted $1.30 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts expect that Check Point Software Technologies will post 5.52 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its holdings in Check Point Software Technologies by 103.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 110,288 shares of the technology company’s stock valued at $13,950,000 after acquiring an additional 55,951 shares during the last quarter. Suntrust Banks Inc. increased its holdings in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Suntrust Banks Inc. now owns 21,103 shares of the technology company’s stock worth $2,166,000 after buying an additional 526 shares during the last quarter. Trinity Legacy Partners LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth $215,000. One Wealth Advisors LLC increased its holdings in shares of Check Point Software Technologies by 5.3% during the 4th quarter. One Wealth Advisors LLC now owns 3,000 shares of the technology company’s stock worth $308,000 after buying an additional 151 shares during the last quarter. Finally, Neuburgh Advisers LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth $102,000. Institutional investors own 71.27% 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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