Check Point Software Technologies (CHKP) Hits New 12-Month Low at $98.20

Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $98.20 and last traded at $98.20, with a volume of 2229893 shares traded. The stock had previously closed at $99.03.

A number of brokerages have issued reports on CHKP. OTR Global lowered shares of Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Jefferies Group restated a “buy” rating and set a $126.00 target price on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Robert W. Baird restated a “hold” rating and set a $115.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. Oppenheimer restated a “buy” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Check Point Software Technologies from $123.00 to $121.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $113.67.

The firm has a market cap of $16,050.00, a P/E ratio of 20.37, a P/E/G ratio of 1.99 and a beta of 0.57.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.20. The business had revenue of $506.00 million during the quarter, compared to the consensus estimate of $508.66 million. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. research analysts anticipate that Check Point Software Technologies Ltd. will post 5.26 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of CHKP. Schwab Charles Investment Management Inc. lifted its stake in Check Point Software Technologies by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,406 shares of the technology company’s stock valued at $6,371,000 after purchasing an additional 4,607 shares during the last quarter. Vanguard Group Inc. lifted its stake in Check Point Software Technologies by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 326,478 shares of the technology company’s stock valued at $35,612,000 after purchasing an additional 19,621 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Check Point Software Technologies in the 2nd quarter valued at approximately $207,000. Royal Bank of Canada lifted its stake in Check Point Software Technologies by 4.7% in the 2nd quarter. Royal Bank of Canada now owns 107,667 shares of the technology company’s stock valued at $11,744,000 after purchasing an additional 4,796 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Check Point Software Technologies in the 2nd quarter valued at approximately $378,000. 71.65% of the stock is owned by institutional investors and hedge funds.

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Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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