Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $255.00 at Jefferies Financial Group

Check Point Software Technologies (NASDAQ:CHKP) had its target price raised by Jefferies Financial Group from $250.00 to $255.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on CHKP. Royal Bank of Canada lifted their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $221.00 to $255.00 in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. StockNews.com downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Mizuho boosted their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday. Eighteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $221.91.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $216.69 on Thursday. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02. The firm has a 50 day moving average price of $200.74 and a two-hundred day moving average price of $193.03. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.41 and a beta of 0.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of Montreal Can grew its position in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth approximately $1,599,000. Truist Financial Corp raised its stake in Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after purchasing an additional 3,080 shares in the last quarter. MML Investors Services LLC lifted its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after purchasing an additional 3,655 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Check Point Software Technologies by 14.5% in the 4th quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company’s stock worth $1,790,000 after buying an additional 1,215 shares during the last quarter. 98.51% of the stock is 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.