Check Point Software Technologies (CHKP) Receives Neutral Rating from Robert W. Baird

Robert W. Baird reaffirmed their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note issued to investors on Thursday morning.

A number of other analysts have also issued reports on CHKP. BidaskClub lowered Check Point Software Technologies from a hold rating to a sell rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded Check Point Software Technologies from a sell rating to a hold rating in a research note on Tuesday, June 26th. OTR Global upgraded Check Point Software Technologies to a positive rating in a research note on Friday, July 6th. BTIG Research upgraded Check Point Software Technologies from a neutral rating to a buy rating in a research note on Tuesday, July 10th. Finally, ValuEngine upgraded Check Point Software Technologies from a sell rating to a hold rating in a research note on Wednesday, July 11th. Twenty-three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Check Point Software Technologies currently has an average rating of Hold and an average price target of $115.64.

Shares of NASDAQ CHKP traded down $0.26 during midday trading on Thursday, reaching $110.52. 71,425 shares of the company’s stock were exchanged, compared to its average volume of 1,117,018. Check Point Software Technologies has a 52-week low of $93.76 and a 52-week high of $120.81. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.24 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 25th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.18. Check Point Software Technologies had a return on equity of 22.98% and a net margin of 43.43%. The business had revenue of $467.80 million for the quarter, compared to analyst estimates of $461.32 million. During the same period in the previous year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts expect that Check Point Software Technologies will post 5.18 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Cornerstone Wealth Management LLC boosted its stake in Check Point Software Technologies by 29.7% in the third quarter. Cornerstone Wealth Management LLC now owns 64,441 shares of the technology company’s stock valued at $555,000 after acquiring an additional 14,771 shares during the period. Seven Eight Capital LP acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $3,812,000. Aperio Group LLC boosted its stake in Check Point Software Technologies by 3.5% in the third quarter. Aperio Group LLC now owns 203,210 shares of the technology company’s stock valued at $23,912,000 after acquiring an additional 6,957 shares during the period. Welch & Forbes LLC acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $11,678,000. Finally, Nisa Investment Advisors LLC acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $384,000. Institutional investors own 67.07% 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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