Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $190.00 at Citigroup

Check Point Software Technologies (NASDAQ:CHKP) had its target price upped by Citigroup from $185.00 to $190.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other equities research analysts have also recently issued reports on CHKP. Robert W. Baird reduced their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus boosted their price target on Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Evercore ISI increased their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial upped their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Seventeen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $202.33.

Check Point Software Technologies Trading Up 0.6 %

CHKP opened at $187.87 on Friday. The stock’s fifty day simple moving average is $183.98 and its 200 day simple moving average is $185.61. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $210.70. The stock has a market cap of $20.66 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released 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. The firm 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 company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 earnings per share. Equities analysts forecast that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

Several large investors have recently bought and sold shares of CHKP. Bank of Montreal Can increased its holdings in shares of Check Point Software Technologies by 32.2% during the third 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 bought a new position in Check Point Software Technologies in the third quarter valued at about $1,599,000. MML Investors Services LLC boosted its stake in shares of Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after purchasing an additional 3,655 shares in the last quarter. Martin Investment Management LLC grew its holdings in shares of 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 worth $31,497,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Check Point Software Technologies by 69.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after buying an additional 9,580 shares during the period. 98.51% of the stock is 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.