Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $195.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective upped by Piper Sandler from $185.00 to $195.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other research analysts have also issued research reports about the company. Evercore ISI lifted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial increased their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Mizuho boosted their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus lifted their target price on Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Seventeen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $199.24.

Check Point Software Technologies Stock Up 0.9 %

Check Point Software Technologies stock opened at $183.19 on Monday. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $210.70. The company’s 50 day moving average is $182.44 and its two-hundred day moving average is $184.61. The firm has a market cap of $20.15 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the previous year, the business posted $1.80 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Check Point Software Technologies will post 7.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Check Point Software Technologies by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after buying an additional 114,938 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after acquiring an additional 177,104 shares in the last quarter. FMR LLC raised its position in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after acquiring an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. Finally, Westwood Global Investments LLC grew its position in shares of Check Point Software Technologies by 4.2% in the second quarter. Westwood Global Investments LLC now owns 841,953 shares of the technology company’s stock valued at $138,922,000 after purchasing an additional 34,091 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

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.