Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $187.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective boosted by Royal Bank of Canada from $165.00 to $187.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a sector perform rating on the technology company’s stock.

CHKP has been the subject of several other reports. Robert W. Baird lifted their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the company a neutral rating in a report on Thursday. Mizuho reiterated a neutral rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. KeyCorp raised shares of Check Point Software Technologies to a hold rating in a research report on Tuesday, May 14th. Susquehanna raised their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a positive rating in a report on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the company a buy rating in a research note on Thursday. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $183.68.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $182.74 on Thursday. The firm’s 50 day moving average price is $161.86 and its two-hundred day moving average price is $160.31. The firm has a market cap of $20.63 billion, a PE ratio of 25.38, a P/E/G ratio of 2.89 and a beta of 0.62. Check Point Software Technologies has a twelve month low of $125.68 and a twelve month high of $184.67.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. During the same period last year, the company earned $1.74 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Check Point Software Technologies will post 7.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners raised its stake in Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after purchasing an additional 419,404 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Check Point Software Technologies by 1.1% during the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after buying an additional 39,092 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Check Point Software Technologies by 3.0% during the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock valued at $440,266,000 after buying an additional 77,849 shares during the last quarter. Morningstar Investment Services LLC lifted its stake in shares of Check Point Software Technologies by 98.5% in the fourth quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock valued at $148,080,000 after buying an additional 481,626 shares during the period. Finally, Westwood Global Investments LLC grew its position in Check Point Software Technologies by 1.2% during the first quarter. Westwood Global Investments LLC now owns 807,862 shares of the technology company’s stock worth $132,497,000 after buying an additional 9,838 shares in the last quarter. Institutional investors and hedge funds 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.