Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $210.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target raised by Robert W. Baird from $200.00 to $210.00 in a report published on Tuesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

CHKP has been the topic of a number of other research reports. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $200.00 target price (up previously from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Finally, Wedbush lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average target price of $192.56.

Check Point Software Technologies Stock Up 0.0 %

Shares of CHKP opened at $205.40 on Tuesday. The firm has a market cap of $23.19 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The company’s fifty day moving average is $194.49 and its two-hundred day moving average is $173.59. Check Point Software Technologies has a fifty-two week low of $126.57 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 EPS. As a group, equities research analysts anticipate that Check Point Software Technologies will post 7.83 earnings per share for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $6,558,000. Quantbot Technologies LP bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $1,095,000. Allspring Global Investments Holdings LLC increased its position in shares of Check Point Software Technologies by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock worth $15,980,000 after purchasing an additional 7,357 shares during the last quarter. M&G Plc increased its position 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 purchasing an additional 9,830 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $2,928,000. Institutional investors own 87.62% of the company’s stock.

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.