Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $175.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price hoisted by Barclays from $170.00 to $175.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

A number of other equities research analysts also recently issued reports on CHKP. Truist Financial boosted their price objective on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Mizuho restated a neutral rating and issued a $160.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Wells Fargo & Company lifted their price objective on Check Point Software Technologies from $132.00 to $162.00 and gave the company an equal weight rating in a research report on Monday, January 29th. Royal Bank of Canada increased their target price on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a sector perform rating in a report on Wednesday, February 7th. Finally, UBS Group upped their price target on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a neutral rating in a research report on Wednesday, January 10th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $164.00.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $150.46 on Friday. The stock has a market cap of $18.17 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The stock has a fifty day moving average of $161.16 and a 200 day moving average of $153.25. Check Point Software Technologies has a one year low of $117.18 and a one year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. The firm had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. As a group, sell-side analysts predict that Check Point Software Technologies will post 7.85 EPS for the current fiscal year.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently bought and sold shares of CHKP. AE Wealth Management LLC lifted its holdings in shares of Check Point Software Technologies by 17.8% in the 3rd quarter. AE Wealth Management LLC now owns 6,767 shares of the technology company’s stock worth $902,000 after acquiring an additional 1,022 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in Check Point Software Technologies by 3.6% in the third quarter. Koshinski Asset Management Inc. now owns 2,559 shares of the technology company’s stock worth $341,000 after purchasing an additional 89 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Check Point Software Technologies by 2.5% during the third quarter. Asset Management One Co. Ltd. now owns 88,905 shares of the technology company’s stock valued at $11,849,000 after buying an additional 2,198 shares during the period. Brookstone Capital Management grew its stake in shares of Check Point Software Technologies by 38.2% during the third quarter. Brookstone Capital Management now owns 6,072 shares of the technology company’s stock valued at $823,000 after buying an additional 1,678 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Check Point Software Technologies by 5.0% in the third quarter. Commonwealth Equity Services LLC now owns 18,467 shares of the technology company’s stock worth $2,461,000 after buying an additional 872 shares during the period. 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.