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

Check Point Software Technologies (NASDAQ:CHKP) had its target price boosted by analysts at Piper Sandler from $185.00 to $195.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Piper Sandler’s price objective would suggest a potential upside of 7.45% from the company’s current price.

CHKP has been the subject of a number of other research reports. BMO Capital Markets increased their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Mizuho lifted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays reduced their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Seventeen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $199.24.

Check Point Software Technologies Trading Up 0.9 %

Shares of CHKP opened at $181.48 on Monday. The business’s 50-day moving average price is $182.25 and its 200 day moving average price is $184.62. The stock has a market capitalization of $19.96 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.21 and a beta of 0.63. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year 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, hitting the consensus estimate of $2.25. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. On average, research analysts predict that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at about $27,000. GAMMA Investing LLC grew its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies in the 3rd quarter worth approximately $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $37,000. Finally, Arrow Financial Corp boosted its position in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after acquiring an additional 100 shares during the period. 98.51% of the stock is currently 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.