Jefferies Financial Group Raises Check Point Software Technologies (NASDAQ:CHKP) Price Target to $255.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price upped by investment analysts at Jefferies Financial Group from $250.00 to $255.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 15.77% from the company’s previous close.

Several other brokerages have also issued reports on CHKP. StockNews.com lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Scotiabank raised their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Citigroup boosted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Stifel Nicolaus increased their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, Evercore ISI boosted their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Eighteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $221.91.

Check Point Software Technologies Stock Performance

CHKP opened at $220.26 on Thursday. The firm has a market cap of $24.22 billion, a P/E ratio of 29.49, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The firm has a 50-day moving average of $201.38 and a 200 day moving average of $193.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $27,000. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 4th quarter worth $29,000. GAMMA Investing LLC grew its position 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 acquiring an additional 60 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 98.51% 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.