Check Point Software Technologies Ltd. (CHKP) Price Target Raised to $110.00
Check Point Software Technologies Ltd. (CHKP) Price Target Raised to $110.00
Check Point plunged 11% to 104.23 on the stock market after it reported earnings on Tuesday
02 November, 2017, 11:22
Rice Energy Inc (NYSE:RICE) has risen 14.59% since November 1, 2016 and is uptrending. Teachers Advisors LLC boosted its position in shares of Check Point Software Technologies by 4.6% during the first quarter.
The positives to Check Point Software Technologies Ltd.'s earnings report for the third quarter includes earnings per share of $1.30 on revenue of $454.63 million. Joyce Stephen P had bought 2,265 shares worth $99,819. Check Point Software Technologies Ltd. Over the past month the firm's stock is -11.11%, 1.59% for the last quarter, -29.67% for the past six-months and -16.61% for the previous year. Check Point's share fell 12.5% to $103.01, giving a market cap of $16.84 billion. Menora Mivtachim Holdings LTD. owned 0.88% of Check Point Software Technologies worth $164,767,000 at the end of the most recent reporting period. Highstreet Asset Management Inc. claims 5,763 shares worth $657,000. Susquehanna Int Llp holds 0% in DineEquity Inc (NYSE:DIN) or 22,416 shares. This isn't a blow to CHKP stock as it covers analysts' earnings per share estimate of $1.49 for that period. (NASDAQ:CHKP), 9 have Buy rating, 1 Sell and 19 Hold.
Checking on current price levels compared to prior highs and lows, we have seen that Check Point Software Technologies Ltd. (NASDAQ:CHKP) was recently trading -13.58% away from the 50-day high and -4.30% removed from the 50-day low. Eight analysts rating the company a strong buy, ten firms rating the stock a buy, 11 firms rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell with a consensus target price of $87.46. Barclays PLC reaffirmed a "hold" rating and set a $110.00 price objective on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. The stock has "Hold" rating by SunTrust on Monday, January 30. Northland Capital maintained the stock with "Hold" rating in Thursday, September 28 report.
It's really the Check Point Software Technologies Ltd. revenue guidance for the fourth quarter of the year that is damaging CHKP stock today.
"During the quarter we continued to extend the reach of the Infinity platform and elevated the level of security we provide with anti-ransomware technology, cloud security for Azure stack, and the integration of the Microsoft Intune mobile management with our SandBlast mobile security", Gil Shwed, founder and CEO of Check Point Software Technologies Ltd., said in a statement. Evercore maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Friday, August 11. Deutsche Bank has "Hold" rating and $21 target. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) has "Hold" rating given on Thursday, September 14 by Robert W. Baird. Principal Financial Group Inc. now owns 74,163 shares of the technology company's stock worth $7,614,000 after buying an additional 64,736 shares during the period. The firm has "Hold" rating given on Thursday, July 20 by Robert W. Baird. Credit Suisse Group initiated coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. As of the latest earnings report the EPS was $4.51 and is projected to be $5.18 for the current year with 163,328,000 shares now outstanding. DineEquity has $105 highest and $55.0 lowest target. The stock of DineEquity Inc (NYSE:DIN) earned "Neutral" rating by Instinet on Tuesday, January 24. The stock of International Business Machines Corp. The rating was upgraded by KeyBanc Capital Markets to "Overweight" on Wednesday, September 7. As per Tuesday, October 10, the company rating was maintained by BMO Capital Markets. Goldman Sachs maintained it with "Neutral" rating and $147 target in Tuesday, July 19 report. As per Tuesday, February 21, the company rating was maintained by Maxim Group. Olstein Cap Mngmt Lp holds 0.43% of its portfolio in DineEquity Inc (NYSE:DIN) for 76,500 shares.
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