Jefferies Financial Group Increases Check Point Software Technologies (NASDAQ:CHKP) Price Target to $225.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price hoisted by equities researchers at Jefferies Financial Group from $220.00 to $225.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 22.62% from the company’s current price.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus increased their price objective on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday. Wedbush boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Robert W. Baird decreased their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock 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 report on Wednesday, October 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $199.05.

Check Point Software Technologies Stock Up 1.3 %

NASDAQ CHKP traded up $2.41 during trading hours on Thursday, reaching $183.50. 110,670 shares of the company were exchanged, compared to its average volume of 683,943. The stock has a market capitalization of $20.18 billion, a P/E ratio of 25.07, 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. The business’s 50 day simple moving average is $187.44 and its 200-day simple moving average is $181.48.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS 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 business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the business earned $1.80 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings in Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at about $1,599,000. MML Investors Services LLC grew its stake in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after acquiring an additional 3,655 shares during the period. Martin Investment Management LLC lifted its position in Check Point Software Technologies by 2.0% during the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after purchasing an additional 3,225 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Check Point Software Technologies by 8.9% in the third quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock worth $57,563,000 after purchasing an additional 24,421 shares during the last quarter. 98.51% 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.