BMO Capital Remains a Hold on Check Point

By Austin Angelo

BMO Capital analyst Keith Bachman reiterated a Hold rating on Check Point (NASDAQ: CHKP) today and set a price target of $117. The company’s shares closed yesterday at $112.05, close to its 52-week high of $112.83.

According to, Bachman is a 5-star analyst with an average return of 12.7% and a 67.0% success rate. Bachman covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Electronics for Imaging, and Palo Alto Networks.

Currently, the analyst consensus on Check Point is Moderate Buy and the average price target is $112.83, representing a 0.7% upside.

In a report issued on May 29, RBC Capital also reiterated a Hold rating on the stock with a $105 price target.

Based on Check Point’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $435 million and quarterly net profit of $183 million. In comparison, last year the company earned revenue of $404 million and had a net profit of $167 million.

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Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. The firm’s products include threat prevention, next generation firewalls, mobile security, and security management. Its solutions caters to the following: point of sale systems, automated teller machines, private and public cloud, telecommunications providers, The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.