Check Point Software Technologies Ltd (NASDAQ: CHKP) is 14.50% higher on its value in year-to-date trading and has touched a low of $145.75 and a high of $234.35 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 $219.41 in the last trading session, with the day’s loss setting it -5.63%.
Currently trading at $213.78, the stock is -4.99% and -3.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -2.57% at the moment leaves the stock 9.97% off its SMA200. CHKP registered 30.55% gain for a year compared to 6-month gain of 8.22%. The firm has a 50-day simple moving average (SMA 50) of $221.3538 and a 200-day simple moving average (SMA200) of $194.4031.
The stock witnessed a -1.93% loss in the last 1 month and extending the period to 3 months gives it a 16.70%, and is -4.57% down 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 6.05% over the week and 3.27% over the month.
Check Point Software Technologies Ltd (CHKP) has around 6669 employees, a market worth around $23.17B and $2.56B in sales. Current P/E ratio is 28.67 and Fwd P/E is 19.70. Profit margin for the company is 32.97%. Distance from 52-week low is 46.68% and -8.78% from its 52-week high. The company has generated returns on investments over the last 12 months (30.09%).
with sales reaching $636.27M over the same period.The EPS is expected to grow by 8.31% this year, but quarterly earnings will post 6.16% year-over-year. Quarterly sales are estimated to grow 6.26% in year-over-year returns.
1110.0 institutions hold shares in Check Point Software Technologies Ltd (CHKP), with institutional investors hold 95.53% of the company’s shares. The shares outstanding are 108.37M, and float is at 83.79M with Short Float at 3.58%. Institutions hold 73.59% of the Float.
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 4.9754 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 4.9411 of the shares outstanding. The other top investors are ACADIAN ASSET MANAGEMENT LLC which holds 4.11 million shares representing 3.6982 and valued at over $677.87 million, while NINETY ONE UK LTD holds 3.2482 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 Feb 25 ’25, Shavit Shenhav Tal (Director) Proposed Sale 25,000 shares at an average price of $215.21 for $5.38 million. The insider now directly holds shares of Check Point Software Technologies Ltd (CHKP).
