Check Point Software Technologies (NASDAQ:CHKP) Given New $180.00 Price Target at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price target raised by JPMorgan Chase & Co. from $175.00 to $180.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other brokerages have also recently commented on CHKP. Wedbush reaffirmed an outperform rating and set a $185.00 price objective on shares of Check Point Software Technologies in a research note on Friday, April 26th. Susquehanna upped their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a positive rating in a research note on Thursday. Robert W. Baird increased their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a neutral rating in a research report on Thursday. KeyCorp upgraded shares of Check Point Software Technologies to a hold rating in a report on Tuesday, May 14th. Finally, Needham & Company LLC reiterated a hold rating on shares of Check Point Software Technologies in a report on Thursday. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $183.68.

Check Point Software Technologies Stock Up 0.9 %

Shares of NASDAQ CHKP opened at $182.74 on Thursday. Check Point Software Technologies has a 12-month low of $125.68 and a 12-month high of $184.67. The firm’s 50-day simple moving average is $161.86 and its 200 day simple moving average is $160.31. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS 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 analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. On average, equities analysts expect that Check Point Software Technologies will post 7.8 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. BSW Wealth Partners lifted its position in Check Point Software Technologies by 3.7% during the fourth quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock worth $330,000 after acquiring an additional 78 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its holdings in Check Point Software Technologies by 1.3% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock worth $978,000 after purchasing an additional 78 shares during the last quarter. Guardian Wealth Management Inc. boosted its stake in Check Point Software Technologies by 0.5% in the 4th quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after purchasing an additional 85 shares during the period. Pacer Advisors Inc. grew its holdings in 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 buying an additional 89 shares in the last quarter. Finally, Mather Group LLC. increased its position in Check Point Software Technologies by 5.1% during the 2nd quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock worth $337,000 after buying an additional 99 shares during the period. 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.