Brokerages Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) Price Target at $197.74

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has earned an average rating of “Hold” from the twenty-two analysts that are currently covering the firm, Marketbeat reports. Fifteen analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $197.74.

Several brokerages have weighed in on CHKP. Mizuho upped their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Truist Financial increased their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Check Point Software Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. DGS Capital Management LLC grew its holdings in Check Point Software Technologies by 0.7% in the 3rd quarter. DGS Capital Management LLC now owns 11,809 shares of the technology company’s stock valued at $2,277,000 after buying an additional 87 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Check Point Software Technologies by 7.0% during the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company’s stock worth $34,665,000 after buying an additional 10,861 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Check Point Software Technologies by 0.8% in the third quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company’s stock valued at $21,463,000 after acquiring an additional 872 shares during the period. Tidal Investments LLC grew its stake in shares of Check Point Software Technologies by 3.1% in the third quarter. Tidal Investments LLC now owns 40,686 shares of the technology company’s stock valued at $7,845,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Check Point Software Technologies during the third quarter worth about $187,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 1.3 %

NASDAQ:CHKP opened at $187.71 on Friday. The company has a market cap of $20.64 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. The company has a 50 day simple moving average of $187.89 and a two-hundred day simple moving average of $181.48. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the business earned $1.80 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that Check Point Software Technologies will post 7.87 earnings per share for the current year.

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.