Northland Securities Reaffirms Hold Rating for Check Point Software Technologies (CHKP)

Check Point Software Technologies (NASDAQ:CHKP)‘s stock had its “hold” rating reiterated by Northland Securities in a research note issued to investors on Monday, AnalystRatings.com reports. They presently have a $120.00 price target on the technology company’s stock. Northland Securities’ target price suggests a potential upside of 0.01% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Barclays boosted their price target on shares of Check Point Software Technologies from $120.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies to $140.00 and gave the company a “buy” rating in a research note on Wednesday, January 30th. Deutsche Bank upped their price objective on shares of Check Point Software Technologies from $110.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, April 15th. BidaskClub upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, January 29th. Eighteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $121.05.

CHKP stock opened at $119.99 on Monday. Check Point Software Technologies has a 52-week low of $93.76 and a 52-week high of $132.76. The company has a market cap of $19.61 billion, a PE ratio of 23.03, a PEG ratio of 2.26 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.01. Check Point Software Technologies had a net margin of 42.05% and a return on equity of 22.51%. The business had revenue of $471.83 million for the quarter, compared to analyst estimates of $471.16 million. During the same quarter in the previous year, the business earned $1.30 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Analysts forecast that Check Point Software Technologies will post 5.5 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in CHKP. Ruggie Capital Group increased its stake in shares of Check Point Software Technologies by 650.0% during the 4th quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after purchasing an additional 260 shares during the last quarter. Ledyard National Bank increased its stake in shares of Check Point Software Technologies by 196.4% during the 4th quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after purchasing an additional 216 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Check Point Software Technologies by 45.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after purchasing an additional 112 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Check Point Software Technologies by 39,495.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock worth $39,000 after purchasing an additional 3,980,748 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Check Point Software Technologies 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 and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

Featured Article: What is a trade deficit?

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.