The Check Point Software Technologies’ (CHKP) Neutral Rating Reiterated at BMO Capital Markets

The Check Point Software Technologies’ (CHKP) Neutral Rating Reiterated at BMO Capital Markets

Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “neutral” rating reaffirmed by BMO Capital Markets in a research report issued to clients and investors on Friday.

A number of other research firms have also commented on CHKP. Royal Bank Of Canada increased their price target on Check Point Software Technologies from $90.00 to $96.00 and gave the company a “sector perform” rating in a research report on Tuesday. RBC Capital Markets reissued a “sector perform” rating and issued a $96.00 price target (up from $90.00) on shares of Check Point Software Technologies in a research report on Tuesday. Jefferies Group reissued a “buy” rating and issued a $118.00 price target (up from $100.00) on shares of Check Point Software Technologies in a research report on Wednesday. JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating in a research report on Thursday. Finally, OTR Global raised Check Point Software Technologies to a “positive” rating in a research report on Friday, January 13th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.59.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 96.34 on Friday. Check Point Software Technologies has a 12 month low of $73.28 and a 12 month high of $97.92. The company has a market cap of $16.29 billion, a PE ratio of 24.29 and a beta of 0.87. The stock has a 50 day moving average of $86.07 and a 200-day moving average of $80.55.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, January 19th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. The business earned $487 million during the quarter, compared to analyst estimates of $478.07 million. Check Point Software Technologies had a return on equity of 20.32% and a net margin of 40.73%. Check Point Software Technologies’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. Equities analysts forecast that Check Point Software Technologies will post $4.52 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CHKP. Daiwa Securities Group Inc. boosted its position in shares of Check Point Software Technologies by 107.1% in the second quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the company’s stock worth $231,000 after buying an additional 1,500 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Check Point Software Technologies during the second quarter worth $4,584,000. Genesee Valley Trust Co. boosted its position in shares of Check Point Software Technologies by 0.3% in the second quarter. Genesee Valley Trust Co. now owns 3,446 shares of the company’s stock worth $275,000 after buying an additional 10 shares in the last quarter. PGGM Investments boosted its position in shares of Check Point Software Technologies by 15.5% in the second quarter. PGGM Investments now owns 351,350 shares of the company’s stock worth $27,996,000 after buying an additional 47,100 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in shares of Check Point Software Technologies during the second quarter worth $288,000. 71.76% of the stock is currently owned by institutional investors.

About Check Point Software Technologies

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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