Fintel reports that on October 31, 2023, BMO Capital maintained coverage of Check Point Software Technologies (NASDAQ:CHKP) with a Market Perform recommendation.
Analyst Price Forecast Suggests 9.04% Upside
As of October 5, 2023, the average one-year price target for Check Point Software Technologies is 141.15. The forecasts range from a low of 104.03 to a high of $169.05. The average price target represents an increase of 9.04% from its latest reported closing price of 129.45.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Check Point Software Technologies is 2,493MM, an increase of 4.32%. The projected annual non-GAAP EPS is 8.31.
What is the Fund Sentiment?
There are 977 funds or institutions reporting positions in Check Point Software Technologies. This is an increase of 7 owner(s) or 0.72% in the last quarter. Average portfolio weight of all funds dedicated to CHKP is 0.46%, an increase of 1.99%. Total shares owned by institutions decreased in the last three months by 0.54% to 95,764K shares. 
The put/call ratio of CHKP is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 7,848K shares representing 6.71% ownership of the company. In it's prior filing, the firm reported owning 7,564K shares, representing an increase of 3.62%. The firm decreased its portfolio allocation in CHKP by 3.44% over the last quarter.
Acadian Asset Management holds 4,279K shares representing 3.66% ownership of the company. In it's prior filing, the firm reported owning 4,603K shares, representing a decrease of 7.56%. The firm decreased its portfolio allocation in CHKP by 15.78% over the last quarter.
Ninety One UK holds 3,588K shares representing 3.07% ownership of the company. In it's prior filing, the firm reported owning 3,725K shares, representing a decrease of 3.81%. The firm increased its portfolio allocation in CHKP by 10.78% over the last quarter.
Boston Partners holds 3,091K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 2,997K shares, representing an increase of 3.04%. The firm increased its portfolio allocation in CHKP by 150.68% over the last quarter.
Nordea Investment Management Ab holds 2,720K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 2,645K shares, representing an increase of 2.75%. The firm decreased its portfolio allocation in CHKP by 3.54% over the last quarter.
Check Point Software Technolgies Background Information
(This description is provided by the company.)
Check Point Software Technologies Ltd. is a leading provider of cyber security solutions to governments and corporate enterprises globally. Its solutions protect customers from 5th generation cyber-attacks with an industry leading catch rate of malware, ransomware and other types of attacks. Check Point offers multilevel security architecture, “Infinity” Total Protection with Gen V advanced threat prevention, which defends enterprises’ cloud, network and mobile device held information. Check Point provides the most comprehensive and intuitive one point of control security management system. Check Point protects over 100,000 organizations of all sizes.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
