Check Point Software Technologies (NASDAQ:CHKP) Given New $221.00 Price Target at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price target raised by JPMorgan Chase & Co. from $207.00 to $221.00 in a research report report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. Mizuho increased their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wedbush lifted their target price on 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. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Scotiabank boosted their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday. Finally, Piper Sandler raised their target price on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $215.27.

Check Point Software Technologies Stock Down 0.4 %

NASDAQ CHKP opened at $218.02 on Friday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02. The company has a market capitalization of $23.98 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.63. The stock’s 50-day moving average price is $188.67 and its 200-day moving average price is $187.76.

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 for the quarter, meeting the consensus estimate of $2.25. The business 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Research analysts anticipate that Check Point Software Technologies will post 7.87 EPS for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the 3rd quarter worth about $27,000. GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies during the 3rd quarter worth $33,000. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at $35,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter worth $35,000. 98.51% of the stock is owned by 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.