Mizuho Forecasts Strong Price Appreciation for Check Point Software Technologies (NASDAQ:CHKP) Stock

Check Point Software Technologies (NASDAQ:CHKP) had its price objective raised by Mizuho from $220.00 to $230.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

CHKP has been the topic of several other research reports. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Jefferies Financial Group lifted their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Nineteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $219.64.

Check Point Software Technologies Stock Up 1.0 %

NASDAQ CHKP opened at $220.92 on Wednesday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02. The business has a 50 day moving average price of $200.15 and a 200-day moving average price of $192.87. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 3.41 and a beta of 0.65.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Check Point Software Technologies during the 4th quarter worth $428,820,000. Causeway Capital Management LLC raised its stake in Check Point Software Technologies by 33.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company’s stock valued at $360,257,000 after acquiring an additional 487,823 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Check Point Software Technologies by 10.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares during the last quarter. First Trust Advisors LP boosted its position in Check Point Software Technologies by 17.4% during the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company’s stock worth $340,314,000 after purchasing an additional 269,925 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Check Point Software Technologies by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company’s stock worth $266,930,000 after purchasing an additional 136,699 shares in the last quarter. 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.