Check Point Software Technologies Ltd (NASDAQ: CHKP) is 19.11% higher on its value in year-to-date trading and has touched a low of $142.60 and a high of $210.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CHKP stock was last observed hovering at around $176.83 in the last trading session, with the day’s gains setting it 5.16%.
Currently trading at $181.99, the stock is 1.93% and -4.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 2.92% at the moment leaves the stock 5.74% off its SMA200. CHKP registered 25.88% gain for a year compared to 6-month gain of 18.56%. The firm has a 50-day simple moving average (SMA 50) of $190.6546 and a 200-day simple moving average (SMA200) of $172.02995.
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The stock witnessed a -11.39% loss in the last 1 month and extending the period to 3 months gives it a -4.37%, and is 2.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.29% over the week and 2.21% over the month.
Check Point Software Technologies Ltd (CHKP) has around 6450 employees, a market worth around $20.02B and $2.52B in sales. Current P/E ratio is 24.90 and Fwd P/E is 18.31. Profit margin for the company is 33.17%. Distance from 52-week low is 27.62% and -13.63% from its 52-week high. The company has generated returns on investments over the last 12 months (29.60%).
The EPS is expected to grow by 8.02% this year
The shares outstanding are 112.91M, and float is at 85.10M with Short Float at 3.34%.
The top institutional shareholder in the company is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with over 5.53 million shares valued at $912.07 million. The investor’s holdings represent 4.9223 of the CHKP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.49 million shares valued at $905.78 million to account for 4.8883 of the shares outstanding. The other top investors are ACADIAN ASSET MANAGEMENT LLC which holds 4.11 million shares representing 3.6587 and valued at over $677.87 million, while NINETY ONE UK LTD holds 3.2135 of the shares totaling 3.61 million with a market value of $595.45 million.
Check Point Software Technologies Ltd (CHKP) Insider Activity
Still, SEC filings show that on Sep 04 ’24, Chelouche Yoav (Director) Proposed Sale 25,000 shares at an average price of $189.99 for $4.75 million. The insider now directly holds shares of Check Point Software Technologies Ltd (CHKP).
