Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $210.00 at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $180.00 to $210.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.06% from the company’s previous close.

Other research analysts also recently issued reports about the company. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Scotiabank increased their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 25th. Wedbush upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, Barclays lifted their price target on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $196.78.

Check Point Software Technologies Trading Down 14.5 %

Shares of NASDAQ CHKP opened at $177.87 on Monday. The firm has a 50 day moving average of $195.52 and a 200 day moving average of $174.67. The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. Check Point Software Technologies has a 12-month low of $126.57 and a 12-month high of $210.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $6,558,000. Quantbot Technologies LP acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $1,095,000. Allspring Global Investments Holdings LLC boosted its stake in Check Point Software Technologies by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock worth $15,980,000 after buying an additional 7,357 shares during the last quarter. M&G Plc increased its stake in shares of Check Point Software Technologies by 10.0% in the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company’s stock worth $17,894,000 after acquiring an additional 9,830 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Check Point Software Technologies during the 1st quarter valued at about $2,928,000. 87.62% of the stock is currently owned by hedge funds and other 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.