Check Point Software Technologies (NASDAQ:CHKP) Given “Neutral” Rating at Northland Securities

Northland Securities restated their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report released on Thursday, AnalystRatings.com reports.

CHKP has been the topic of several other research reports. BMO Capital Markets set a $44.00 price target on shares of Schlumberger and gave the company a hold rating in a report on Monday, April 22nd. Oppenheimer lifted their price target on shares of Check Point Software Technologies from $130.00 to $145.00 and gave the company an outperform rating in a report on Monday, April 15th. Cowen lowered their price target on shares of Nordstrom from $44.00 to $36.00 and set a market perform rating on the stock in a report on Thursday, May 23rd. ValuEngine raised shares of United States Steel from a strong sell rating to a sell rating in a report on Wednesday, July 24th. Finally, Deutsche Bank reaffirmed a buy rating and set a $18.00 price target on shares of STMicroelectronics in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $124.47.

CHKP opened at $112.49 on Thursday. Check Point Software Technologies has a 12-month low of $98.57 and a 12-month high of $132.76. The stock has a market capitalization of $17.13 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 2.31 and a beta of 0.78. The business has a 50 day simple moving average of $115.74.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.14. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The business had revenue of $488.10 million for the quarter, compared to the consensus estimate of $487.53 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts forecast that Check Point Software Technologies will post 5.52 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Pinnacle Bank lifted its holdings in shares of Check Point Software Technologies by 69.7% in the second quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock worth $30,000 after buying an additional 106 shares in the last quarter. NuWave Investment Management LLC lifted its holdings in shares of Check Point Software Technologies by 64.5% in the second quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock worth $36,000 after buying an additional 120 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of Check Point Software Technologies by 64.8% in the first quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock worth $47,000 after buying an additional 147 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the first quarter worth $63,000. Finally, Bremer Bank National Association purchased a new position in shares of Check Point Software Technologies in the first quarter worth $72,000. 71.26% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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