OTR Global lowered shares of Check Point Software Technologies (NASDAQ:CHKP) to a positive rating in a research report sent to investors on Tuesday, The Fly reports.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of GenMark Diagnostics from a hold rating to a sell rating in a report on Wednesday, April 24th. BidaskClub upgraded shares of DENTSPLY SIRONA from a buy rating to a strong-buy rating in a report on Thursday, June 13th. Barclays set a $14.00 target price on shares of Vale and gave the stock a buy rating in a report on Friday, April 12th. Cowen reduced their target price on shares of Nordstrom from $44.00 to $36.00 and set a market perform rating for the company in a report on Thursday, May 23rd. Finally, Deutsche Bank restated a buy rating and set a $18.00 target price on shares of STMicroelectronics in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $122.00.
Shares of NASDAQ:CHKP opened at $116.88 on Tuesday. The company has a market capitalization of $17.66 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.38 and a beta of 0.78. Check Point Software Technologies has a 1-year low of $98.57 and a 1-year high of $132.76. The business’s 50 day simple moving average is $115.10.
Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.01. The firm had revenue of $471.83 million during the quarter, compared to analysts’ expectations of $471.16 million. Check Point Software Technologies had a net margin of 42.05% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. Analysts expect that Check Point Software Technologies will post 5.52 EPS for the current year.
A number of institutional investors have recently bought and sold shares of CHKP. Pinnacle Bank lifted its position in Check Point Software Technologies by 69.7% in the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock worth $30,000 after buying an additional 106 shares in the last quarter. NuWave Investment Management LLC lifted its position in Check Point Software Technologies by 64.5% in the 2nd quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock worth $36,000 after buying an additional 120 shares in the last quarter. First Personal Financial Services lifted its position in Check Point Software Technologies by 64.8% in the 1st quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock worth $47,000 after buying an additional 147 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 1st quarter worth approximately $63,000. Finally, Bremer Bank National Association purchased a new stake in Check Point Software Technologies in the 1st quarter worth approximately $72,000. 71.27% of the stock is owned by hedge funds and other institutional investors.
About Check Point Software Technologies
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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