Check Point Software Technologies (NASDAQ:CHKP) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report sent to investors on Thursday morning, Benzinga reports.

A number of other equities analysts have also recently issued reports on the company. Wedbush restated an outperform rating and issued a $185.00 target price on shares of Check Point Software Technologies in a report on Friday, April 26th. Robert W. Baird raised their target price on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a neutral rating in a research report on Thursday. Barclays raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an equal weight rating in a research report on Friday, April 26th. Mizuho reaffirmed a neutral rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus decreased their target price on Check Point Software Technologies from $170.00 to $165.00 and set a hold rating for the company in a research report on Friday, April 26th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of Hold and an average price target of $183.68.

Check Point Software Technologies Stock Up 0.9 %

Shares of NASDAQ CHKP opened at $182.74 on Thursday. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 2.86 and a beta of 0.62. The stock’s fifty day simple moving average is $161.86 and its 200 day simple moving average is $160.27. Check Point Software Technologies has a 52-week low of $125.68 and a 52-week high of $184.67.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. As a group, analysts anticipate that Check Point Software Technologies will post 7.79 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Check Point Software Technologies in the second quarter worth about $30,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the first quarter worth about $31,000. Richardson Financial Services Inc. acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $33,000. Y.D. More Investments Ltd lifted its position in shares of Check Point Software Technologies by 37.0% in the fourth quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after buying an additional 135 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $92,000. Institutional investors and hedge funds own 87.62% 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 multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.