Check Point Software Technologies’ (CHKP) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note released on Tuesday morning,Benzinga reports. Cantor Fitzgerald currently has a $150.00 price objective on the technology company’s stock.

CHKP has been the subject of a number of other research reports. Barclays lowered their price objective on Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Wedbush lowered Check Point Software Technologies from an “outperform” rating to a “neutral” rating and set a $135.00 target price on the stock. in a research report on Thursday, September 10th. UBS Group reiterated a “neutral” rating and set a $145.00 target price on shares of Check Point Software Technologies in a research note on Thursday, October 15th. Susquehanna raised their price target on shares of Check Point Software Technologies from $150.00 to $165.00 and gave the stock a “positive” rating in a research report on Tuesday. Finally, BTIG Research restated a “neutral” rating on shares of Check Point Software Technologies in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and twenty have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $151.32.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $148.18 on Tuesday. Check Point Software Technologies has a 12-month low of $112.23 and a 12-month high of $206.43. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 4.22 and a beta of 0.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.67. The firm’s fifty day moving average price is $138.58 and its 200 day moving average price is $140.90.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Monday, November 2nd. The technology company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.01. The company had revenue of $669.80 million during the quarter, compared to analysts’ expectations of $672.06 million. Check Point Software Technologies had a net margin of 31.74% and a return on equity of 34.08%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.94 EPS. On average, research analysts forecast that Check Point Software Technologies will post 8.45 EPS for the current fiscal year.

Insider Transactions at Check Point Software Technologies

In other Check Point Software Technologies news, insider Nataly Kremer sold 3,185 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $150.08, for a total transaction of $478,004.80. Following the sale, the insider owned 19,347 shares in the company, valued at $2,903,597.76. This represents a 14.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Junto Capital Management LP bought a new stake in Check Point Software Technologies during the second quarter valued at $72,445,000. Renaissance Technologies LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter worth $34,171,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Check Point Software Technologies in the 2nd quarter worth about $25,752,000. Bank of America Corp DE lifted its position in shares of Check Point Software Technologies by 26.6% in the 1st quarter. Bank of America Corp DE now owns 808,428 shares of the technology company’s stock worth $115,484,000 after buying an additional 170,024 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its position in shares of Check Point Software Technologies by 633.4% in the 1st quarter. Mizuho Markets Americas LLC now owns 158,900 shares of the technology company’s stock worth $22,699,000 after buying an additional 137,235 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.

The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.