Check Point Software Technologies Ltd. (NASDAQ: CHKP) has an average analyst rating of “Hold”.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been assigned an average “Hold” rating by the eighteen analysts who track the company, as reported by Bloomberg.com. Eight financial analysts have rated the company’s stock with a Buy recommendation. In contrast, three rated it with a recommendation to keep it, and three rated it with a recommendation to sell it. Brokers who have published research on the stock over the past year and have a price target for the stock for one year have set it at an average of $138.00.
Recently, CHKP received feedback from a wide range of industry brokerages. In a research note released Tuesday, August 2, Barclays lowered its price target on Check Point Software Technologies shares from $145.00 to $140.00 and assigned the stock an “equal weight” rating. . The research statement published by Barclays can be viewed here. In a research note published on Wednesday, July 13, they announced their decision to lower their price target on Check Point Software Technologies stock from $130.00 to $120.00. The letter also included the reasoning behind their decision.
In a report released Tuesday, August 2, BMO Capital Markets lowered its price target on Check Point Software Technologies shares from $155.00 to $150.00 in a report Despite the change, the company nonetheless received a outperformance rating. by the consulting firm. In a research note released on Monday, May 23, Check Point Software Technologies announced its decision to lower its price target on Check Point Software Technologies stock from $145.00 to $130.00. The research note was released in response to Jefferies Financial Group’s lowered price target. Finally, in a study released July 20 by Bank of America, the company changed its recommendation on Check Point Software Technologies stock from “underperform” to “buy.”
Additionally, Bank of America raised its price target for the stock to $150.00 from $130.00 previously. When the market started on Monday, the price of a share of NASDAQ CHKP was $121.67. During the fifty weeks, the highest price reached by Check Point Software Technologies was $149.62 and the lowest price reached was $107.85 during the same period. The company recorded a simple moving average of $122.51 over the past 50 days and a simple moving average of $128.39 over the past 200 days. The company is valued at $15.26 billion and has a price/earnings ratio of 20.14, a price/earnings/growth ratio of 2.64 and a beta value of 0.61. Its price/earnings/growth ratio is 2.64. Moreover, the price/earnings/growth ratio is 2.64.
Check Point Software Technologies (NASDAQ:CHKP) released its latest earnings report to the general public on August 1. The tech sector said its quarterly earnings per share (EPS) was $1.64, $0.02 higher than the consensus forecast of $1.62 per share. Check Point Software Technologies’ return on equity was 25.49%, while the company’s net margin was 35.15%. The company’s revenue for the quarter was $571.10 million, significantly higher than the $560.40 million that experts had anticipated. In contrast, prior year results for the same period showed the company earning $1.41 per share. Compared to the previous year, the company’s quarterly sales recorded a higher annual growth rate of 8.6%.
According to the general agreement of financial experts in the sector, Check Point Software Technologies should achieve an average earnings per share of 6.29 for the current financial year. Recently, there have been two-way shifts in the stakes that hedge funds currently hold in a company. During the first three months of the year, Tcwp LLC made a new investment of $26,000 in Check Point Software Technologies. This investment was the beneficiary of the new funding. During the first three months of the year, AdvisorNet Financial Inc. increased the percentage of shares of Check Point Software Technologies held to 107.0%. The total value of the 236 shares AdvisorNet Financial Inc. currently owns directly in the tech company is $33,000.
The company was formerly known as AdvisorNet Financial Inc. During the last fiscal quarter, an additional 122 shares were purchased, making this achievement possible. SeaCrest Wealth Management LLC spent $33,000 during the second quarter to acquire an additional stake in Check Point Software Technologies. The transaction took place at that time. During the first three months of the year, MV Capital Management Inc. provided Check Point Software Technologies with a new capital investment of $45,000. Last but not least, West Bancorporation Inc. invested $66,000 in an existing stake it had recently acquired in Check Point Software Technologies during the first quarter. Hedge funds and other types of institutional investors currently own 67.03% of the company’s total shares.
Check Point Software Technologies Ltd. is responsible for designing, marketing and providing global support for a diverse range of information technology security solutions and services. Access to solutions for managing and securing data, terminals, networks and other terminals, in addition to the data itself, is possible from inside the organization. It provides the Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th and 6th generation cyberattacks on a wide range of networks, devices, clouds, workloads and the Internet of Things (IoT) , as well as on mobile devices.