Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $200.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target lifted by BMO Capital Markets from $180.00 to $200.00 in a research note released on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Check Point Software Technologies from $175.00 to $180.00 and gave the company a neutral rating in a report on Thursday. Stifel Nicolaus cut their target price on Check Point Software Technologies from $170.00 to $165.00 and set a hold rating on the stock in a research report on Friday, April 26th. Truist Financial reiterated a buy rating and issued a $200.00 price target (up previously from $175.00) on shares of Check Point Software Technologies in a research report on Thursday. KeyCorp upgraded Check Point Software Technologies to a hold rating in a report on Tuesday, May 14th. Finally, Susquehanna raised their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a positive rating in a report on Thursday. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $183.68.

Check Point Software Technologies Stock Up 0.9 %

Shares of CHKP stock opened at $182.74 on Thursday. The stock has a 50-day simple moving average of $161.86 and a 200 day simple moving average of $160.31. The stock has a market capitalization of $20.63 billion, a P/E ratio of 25.38, a P/E/G ratio of 2.89 and a beta of 0.62. Check Point Software Technologies has a fifty-two week low of $125.68 and a fifty-two week high of $184.67.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. The company had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 EPS. On average, sell-side analysts anticipate that Check Point Software Technologies will post 7.8 earnings per share for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Large investors have recently made changes to their positions in the company. Raymond James & Associates lifted its stake in Check Point Software Technologies by 8.6% in the fourth quarter. Raymond James & Associates now owns 128,438 shares of the technology company’s stock valued at $19,624,000 after acquiring an additional 10,223 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Check Point Software Technologies by 18.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 78,120 shares of the technology company’s stock valued at $11,936,000 after purchasing an additional 12,277 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Check Point Software Technologies by 6.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock valued at $211,000 after purchasing an additional 89 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Check Point Software Technologies by 52.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock worth $8,508,000 after purchasing an additional 19,111 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in Check Point Software Technologies by 17.6% during the fourth quarter. Ritholtz Wealth Management now owns 5,260 shares of the technology company’s stock worth $804,000 after buying an additional 789 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.