In yesterday’s Wall Street session, Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares traded at $126.59, up 0.01% from the previous session.
CHKP stock price is now -0.38% away from the 50-day moving average and 2.21% away from the 200-day moving average. The market capitalization of the company currently stands at $16.26B.
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With the price target reduced from $125 to $120, SMBC Nikko Downgraded its rating from Neutral to Underperform for Check Point Software Technologies Ltd. (NASDAQ: CHKP). On February 14, 2023, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $148, while ‘JP Morgan’ 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 ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. during the first quarter worth $203,458,000. VISTA EQUITY PARTNERS MANAGEMENT, LLC invested $18,076,000 in shares of CHKP during the first quarter. In the first quarter, BAADER BANK AKTIENGESELLSCHAFT acquired a new stake in Check Point Software Technologies Ltd. valued at approximately $11,171,000. JUNTO CAPITAL MANAGEMENT LP acquired a new stake in CHKP for approximately $10,494,000. BELL ASSET MANAGEMENT LTD purchased a new stake in CHKP valued at around $7,627,000 in the second quarter. In total, there are 908 active investors with 69.90% ownership of the company’s stock.
Monday morning saw Check Point Software Technologies Ltd. (NASDAQ: CHKP) opened at $127.00. During the past 12 months, Check Point Software Technologies Ltd. has had a low of $107.54 and a high of $145.98. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for CHKP is $127.07 and a two-hundred day moving average price translates $123.85 for the stock.
The latest earnings results from Check Point Software Technologies Ltd. (NASDAQ: CHKP) was released for Sep, 2022. According to the Software – Infrastructure Company, earnings per share came in at $1.66, beating analysts’ expectations of $1.57 by 0.09. This compares to $1.40 EPS in the same period last year. The net profit margin was 34.20% and return on equity was 26.50% 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 $593.03M 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.
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