Check Point Software Technologies (NASDAQ:CHKP) Price Target Increased to $192.00 by Analysts at Barclays

Check Point Software Technologies (NASDAQ:CHKP) had its price target increased by Barclays from $175.00 to $192.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities analysts have also weighed in on the stock. KeyCorp upgraded shares of Check Point Software Technologies to a hold rating in a report on Tuesday, May 14th. Needham & Company LLC reaffirmed a hold rating on shares of Check Point Software Technologies in a research report on Thursday. Wedbush reiterated an outperform rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research report on Friday, April 26th. Robert W. Baird raised their target price on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a neutral rating in a research note on Thursday. Finally, Stifel Nicolaus decreased their price target on Check Point Software Technologies from $170.00 to $165.00 and set a hold rating on the stock in a research note on Friday, April 26th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has an average rating of Hold and an average target price of $183.68.

Check Point Software Technologies Trading Up 0.9 %

CHKP opened at $182.74 on Thursday. The firm’s 50-day moving average price is $161.86 and its 200 day moving average price is $160.31. Check Point Software Technologies has a twelve month low of $125.68 and a twelve month high of $184.67. The firm has a market capitalization of $20.63 billion, a PE ratio of 25.38, a PEG ratio of 2.89 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. As a group, analysts predict that Check Point Software Technologies will post 7.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morningstar Investment Services LLC raised its holdings in shares of Check Point Software Technologies by 98.5% in the 4th quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock valued at $148,080,000 after purchasing an additional 481,626 shares in the last quarter. Swedbank AB acquired a new stake in Check Point Software Technologies in the first quarter valued at $69,487,000. Boston Partners lifted its holdings in Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after buying an additional 419,404 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Check Point Software Technologies by 248.8% during the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after acquiring an additional 218,403 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $29,801,000. 87.62% of the stock is owned by institutional investors and hedge funds.

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.