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Analyst Recommendations for Check Point Software in 3Q15

Parker Thomas

Check Point Software's Mobile Security Products Boost 3Q15 Earnings

(Continued from Prior Part)

Shareholder returns and stock trends

As of October 26, 2015, Check Point Software (CHKP) has generated returns of 11.2% for the trailing 12 months (or TTM) and 1.7% in the trailing one-month period. The share price of the firm has increased by 0.5% in the trailing five-day period.

Check Point Software’s peers Akamai (AKAM), Red Hat (RHT), and Intuit (INTU) have generated returns of 7.0%, -1.4%, and 3.9%, respectively, in the trailing five-day period.

Moving averages

On October 26, 2015, the last trading price of Check Point Software (CHKP) was $81.00. The company was trading 1.0% above its 20-day moving average of $80.20, 1.8% above its 50-day moving average of $79.50, and 0.6% above its 100-day moving average of $80.50.

Moving average convergence divergence and RSI

The MACD (or moving average convergence divergence) is the difference between the short-term and long-term moving averages of a firm. Check Point Software’s 14-day MACD of 0.25 shows an upward trading trend, as the figure is positive.

The 14-day relative strength index (or RSI) for Check Point Software is 54, which shows that the stock was somewhat overbought. If the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.

Check Point Software (CHKP) constitutes 4.7% of the PowerShares Dynamic Software Portfolio ETF (PSJ) and 0.27% of the Powershares QQQ ETF (QQQ).

Analyst recommendations

Out of 34 analysts covering Check Point Software (CHKP), 22 have a “buy” recommendation, one has a “sell” recommendation, and 11 have a “hold” recommendation. The analyst stock price target for the company is $94.70, with a median target estimate of $95.00. Check Point Software is trading at a discount of 14.8% with respect to its median target.

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