Check Point Software Technologies (NASDAQ:CHKP) had its target price dropped by analysts at Macquarie from $102.00 to $99.00 in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the technology company’s stock. Macquarie’s price objective suggests a potential upside of 3.42% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Barclays reduced their price objective on shares of Check Point Software Technologies from $106.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday. Morgan Stanley reduced their price objective on shares of Check Point Software Technologies from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank of Canada reiterated a “hold” rating and set a $110.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday. Deutsche Bank reduced their price objective on shares of Check Point Software Technologies from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, BidaskClub upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Friday, April 13th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $109.99.

Check Point Software Technologies stock opened at $95.73 on Thursday. The company has a market cap of $15,932.42, a PE ratio of 19.57, a P/E/G ratio of 1.92 and a beta of 0.65. Check Point Software Technologies has a 1 year low of $93.76 and a 1 year high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, April 25th. The technology company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.02. The firm had revenue of $452.30 million for the quarter, compared to analysts’ expectations of $452.13 million. Check Point Software Technologies had a net margin of 43.15% and a return on equity of 20.24%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share. sell-side analysts expect that Check Point Software Technologies will post 5.24 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CHKP. Financial Gravity Companies Inc. purchased a new position in Check Point Software Technologies during the fourth quarter worth $130,000. We Are One Seven LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth $201,000. Trustcore Financial Services LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth $218,000. ARK Investment Management LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth $224,000. Finally, Buckingham Asset Management LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth $239,000. 67.56% of the stock is owned by institutional investors.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. provides hardware and software products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides security gateways to protect the networks and prevent the threats of enterprises, data centers, and small and large branch offices; security gateway appliances, including platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and security management software, which offers security management through a single console that streamlines security operations and provides visibility into policy administration and threat analysis.

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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