Robert W. Baird Boosts Check Point Software Technologies (NASDAQ:CHKP) Price Target to $210.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price boosted by analysts at Robert W. Baird from $200.00 to $210.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price target suggests a potential upside of 2.30% from the company’s previous close.

A number of other research firms also recently weighed in on CHKP. Susquehanna upped their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Jefferies Financial Group increased their price objective on 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. Deutsche Bank Aktiengesellschaft raised their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada raised their target price on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $191.44.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $205.28 on Tuesday. The stock has a market capitalization of $23.18 billion, a PE ratio of 28.51, a P/E/G ratio of 3.17 and a beta of 0.62. The business has a fifty day moving average price of $193.56 and a two-hundred day moving average price of $173.06. 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 issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. On average, equities analysts expect that Check Point Software Technologies will post 7.83 EPS for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC increased its holdings in Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after acquiring an additional 57 shares in the last quarter. Heritage Family Offices LLP increased its holdings in Check Point Software Technologies by 1.6% during the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after acquiring an additional 77 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its holdings in Check Point Software Technologies by 1.3% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after acquiring an additional 78 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Check Point Software Technologies by 1.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,422 shares of the technology company’s stock valued at $1,045,000 after acquiring an additional 86 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Check Point Software Technologies by 2.8% during the 3rd quarter. Signaturefd LLC now owns 3,210 shares of the technology company’s stock valued at $619,000 after acquiring an additional 87 shares in the last quarter. 87.62% 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.