Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have received an average rating of "Hold" from the twenty-four analysts that are presently covering the stock, MarketBeat Ratings reports. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $194.67.

Several research analysts have recently issued reports on CHKP shares. Susquehanna increased their price objective on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a "positive" rating in a report on Thursday, July 25th. Evercore ISI upgraded shares of Check Point Software Technologies to a "hold" rating in a report on Monday, September 16th. Barclays increased their price objective on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an "equal weight" rating in a report on Thursday, July 25th. Truist Financial raised their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a report on Thursday, July 25th.

View Our Latest Report on CHKP

Institutional investors and hedge funds have recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Check Point Software Technologies during the 2nd quarter worth about $30,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies during the 1st quarter worth about $31,000. FSC Wealth Advisors LLC bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $60,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Check Point Software Technologies by 654.4% during the 3rd quarter. Sound Income Strategies LLC now owns 430 shares of the technology company's stock worth $83,000 after purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

CHKP opened at $207.16 on Friday. The firm has a market cap of $23.39 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. Check Point Software Technologies has a fifty-two week low of $126.57 and a fifty-two week high of $210.70. The company's 50-day moving average price is $194.88 and its 200 day moving average price is $173.81.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. During the same quarter last year, the business earned $1.74 earnings per share. Check Point Software Technologies's revenue was up 6.6% compared to the same quarter last year. Research analysts anticipate that Check Point Software Technologies will post 7.83 earnings per share for the current year.

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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