Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $185.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective increased by Evercore ISI from $180.00 to $185.00 in a report released on Wednesday, Benzinga reports. They currently have an in-line rating on the technology company’s stock.

CHKP has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Barclays reduced their price objective on 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. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets boosted their price target on shares of 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. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Trading Down 1.6 %

NASDAQ:CHKP opened at $170.50 on Wednesday. The firm has a market capitalization of $18.75 billion, a PE ratio of 23.29, a PEG ratio of 2.71 and a beta of 0.63. Check Point Software Technologies has a 1 year low of $134.72 and a 1 year high of $210.70. The firm’s fifty day simple moving average is $194.47 and its 200 day simple moving average is $174.87.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (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 company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period last year, the business posted $1.80 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Check Point Software Technologies will post 7.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Check Point Software Technologies in the second quarter valued at $30,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies during the 3rd quarter worth about $33,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $37,000. FSC Wealth Advisors LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth about $60,000. Finally, Sound Income Strategies LLC lifted its position in shares of Check Point Software Technologies by 654.4% during the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock worth $83,000 after purchasing an additional 373 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

About Check Point Software Technologies

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.