Check Point Software Technologies Ltd (NASDAQ: CHKP) is 16.78% higher on its value in year-to-date trading and has touched a low of $145.75 and a high of $226.02 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 $218.99 in the last trading session, with the day’s loss setting it -0.97%.
Currently trading at $218.02, the stock is 13.65% and 16.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -0.44% at the moment leaves the stock 22.36% off its SMA200. CHKP registered 36.00% gain for a year compared to 6-month gain of 18.84%. The firm has a 50-day simple moving average (SMA 50) of $187.8622 and a 200-day simple moving average (SMA200) of $178.17645.
The stock witnessed a 16.43% loss in the last 1 month and extending the period to 3 months gives it a 22.57%, and is 12.10% 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 3.96% over the week and 2.67% over the month.
Check Point Software Technologies Ltd (CHKP) has around 6450 employees, a market worth around $23.98B and $2.56B in sales. Current P/E ratio is 29.23 and Fwd P/E is 20.10. Profit margin for the company is 32.97%. Distance from 52-week low is 49.58% and -3.54% from its 52-week high. The company has generated returns on investments over the last 12 months (29.90%).
with sales reaching $635.49M over the same period.The EPS is expected to grow by 8.35% this year, but quarterly earnings will post 6.03% year-over-year. Quarterly sales are estimated to grow 6.13% in year-over-year returns.
Check Point Software Technologies Ltd (CHKP) Top Institutional Holders
The shares outstanding are 109.98M, and float is at 85.04M with Short Float at 3.78%.
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
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Still, SEC filings show that on Nov 25 ’24, GUY GECHT (Director) Proposed Sale 16,666 shares at an average price of $184.00 for $3.07 million. The insider now directly holds shares of Check Point Software Technologies Ltd (CHKP).
