Stocks of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded higher last session on Wall Street, down -1.27% to $126.19.
According to the data, Check Point Software Technologies Ltd. (NASDAQ:CHKP) has 32 analysts covering its stock. 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 $116.00, we find $132.50. Given the previous closing price of $127.81, this indicates a potential upside of 3.67 percent. CHKP stock price is now 1.75% away from the 50-day moving average and 0.57% away from the 200-day moving average. The market capitalization of the company currently stands at $14.80B.
A total of 20 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $134.29 as their price target over the next twelve months.
With the price target of $130, Stifel recently initiated with Hold rating for Check Point Software Technologies Ltd. (NASDAQ: CHKP).
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 PERPETUAL LTD during the first quarter worth $106,007,000. ETF MANAGERS GROUP, LLC invested $70,365,000 in shares of CHKP during the first quarter. In the first quarter, PHOENIX HOLDINGS LTD. acquired a new stake in Check Point Software Technologies Ltd. valued at approximately $64,130,000. AUSTRALIANSUPER PTY LTD acquired a new stake in CHKP for approximately $64,006,000. RINGS CAPITAL MANAGEMENT LLC purchased a new stake in CHKP valued at around $20,190,000 in the second quarter. In total, there are 922 active investors with 69.90% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $128.48 for Check Point Software Technologies Ltd. (NASDAQ: CHKP). During the past 12 months, Check Point Software Technologies Ltd. has had a low of $107.54 and a high of $135.93. 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. According to the stock market information, the enterprise value for the company is $13.08B, which is based on a 19.14 price-to-earnings ratio, a 2.99 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for CHKP is $124.00 and a two-hundred day moving average price translates $125.54 for the stock.
The latest earnings results from Check Point Software Technologies Ltd. (NASDAQ: CHKP) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.8, beating analysts’ expectations of $1.74 by 0.06. This compares to $1.31 EPS in the same period last year. The net profit margin was 34.50% and return on equity was 27.70% for CHKP. The company reported revenue of $566.2 million for the quarter, compared to $542.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.33 percent. For the current quarter, analysts expect CHKP to generate $589.03M 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 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. 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 distributors, resellers, system integrators, original equipment manufacturers, and managed security service providers. The company has a strategic partnership with Revelstoke to automate detection and response solutions. The company was incorporated in 1993 and is headquartered in Tel Aviv, Israel.
