The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) last traded at $124.92, up 0.22% from the previous session.
Data from the available sources indicates that Check Point Software Technologies Ltd. (NASDAQ:CHKP) is covered by 28 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $164.00 and a low of $115.00, we find $135.00. Given the previous closing price of $124.64, this indicates a potential upside of 8.31 percent. CHKP stock price is now -3.21% away from the 50-day moving average and -0.14% away from the 200-day moving average. The market capitalization of the company currently stands at $15.94B.
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In total, 12 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $137.91 as their price target over the next twelve months.
With the price target enhanced from $135 to $150, Jefferies Upgraded its rating from Hold to Buy for Check Point Software Technologies Ltd. (NASDAQ: CHKP). On November 02, 2022, Macquarie recently initiated its ‘Neutral’ rating on the stock quoting a target price of $129, while ‘Robert W. Baird’ rates the stock as ‘Neutral’.
A total of 24.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHKP stock. A new stake in Check Point Software Technologies Ltd. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $39,594,000. TCW GROUP INC invested $13,409,000 in shares of CHKP during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Check Point Software Technologies Ltd. valued at approximately $11,980,000. ROMANO BROTHERS AND COMPANY acquired a new stake in CHKP for approximately $5,543,000. MERITAGE PORTFOLIO MANAGEMENT purchased a new stake in CHKP valued at around $4,796,000 in the second quarter. In total, there are 894 active investors with 69.90% ownership of the company’s stock.
With an opening price of $124.00 on Wednesday morning, Check Point Software Technologies Ltd. (NASDAQ: CHKP) set off the trading day. During the past 12 months, Check Point Software Technologies Ltd. has had a low of $107.54 and a high of $149.62. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for CHKP is $129.06 and a two-hundred day moving average price translates $125.10 for the stock.
The latest earnings results from Check Point Software Technologies Ltd. (NASDAQ: CHKP) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at $1.77, beating analysts’ expectations of $1.67 by 0.1. This compares to $1.40 EPS in the same period last year. The net profit margin was 34.30% and return on equity was 25.50% for CHKP. The company reported revenue of $577.6 million for the quarter, compared to $534.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.16 percent. For the current quarter, analysts expect CHKP to generate $631.84M in revenue.
Check Point Software Technologies Ltd.(CHKP) 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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile. The company also offers security gateways and software platforms that support small and medium sized business (SMB) to large enterprise data center and telco-grade environments; and threat prevention technologies and zero-day protections. In addition, the company provides cloud network security, security and posture management, cloud workload protection, and cloud web application protection for web applications and APIs; and Check Point Harmony that delivers endpoint and secure connectivity for remote user access. Further, the company provides technical customer support programs and plans; professional services in implementing, upgrading, and optimizing Check Point products comprising design planning and security implementation; and certification and educational training services on Check Point products. It sells its products through multiple distribution channels, including distributors, resellers, system integrators, original equipment manufacturers, and managed security service providers. Check Point Software Technologies Ltd. was incorporated in 1993 and is headquartered in Tel Aviv, Israel.
