Check Point Software Technologies (NASDAQ:CHKP) Price Target Increased to $205.00 by Analysts at Mizuho

Check Point Software Technologies (NASDAQ:CHKP) had its price target upped by equities research analysts at Mizuho from $178.00 to $205.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Mizuho’s price target would indicate a potential downside of 0.43% from the stock’s current price.

CHKP has been the topic of a number of other research reports. Evercore ISI upgraded shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, September 16th. Truist Financial reissued a “buy” rating and set a $200.00 price target (up previously from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Wedbush lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $190.89.

Check Point Software Technologies Trading Down 0.9 %

Check Point Software Technologies stock opened at $205.88 on Thursday. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.17 and a beta of 0.62. The stock’s 50 day moving average is $192.08 and its 200-day moving average is $172.10. Check Point Software Technologies has a 12 month low of $126.57 and a 12 month high of $210.70.

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, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter last year, the business earned $1.74 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that Check Point Software Technologies will post 7.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tidal Investments LLC bought a new stake in Check Point Software Technologies during the 1st quarter worth $6,558,000. Quantbot Technologies LP acquired a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $1,095,000. Allspring Global Investments Holdings LLC raised its holdings in Check Point Software Technologies by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after buying an additional 7,357 shares during the last quarter. M&G Plc boosted its position in Check Point Software Technologies by 10.0% during the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company’s stock worth $17,894,000 after buying an additional 9,830 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Check Point Software Technologies during the 1st quarter worth approximately $2,928,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Company Profile

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.