Jefferies Financial Group Issues Positive Forecast for Check Point Software Technologies (NASDAQ:CHKP) Stock Price

Check Point Software Technologies (NASDAQ:CHKP) had its price target raised by research analysts at Jefferies Financial Group from $250.00 to $255.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s price target points to a potential upside of 15.43% from the company’s current price.

A number of other analysts also recently issued reports on CHKP. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Scotiabank increased their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Finally, Mizuho lifted their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $221.91.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $220.92 on Thursday. The company has a market cap of $24.30 billion, a PE ratio of 29.57, a PEG ratio of 3.41 and a beta of 0.65. The stock has a 50-day simple moving average of $200.15 and a 200 day simple moving average of $192.87. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02.

Institutional Trading of Check Point Software Technologies

A number of hedge funds have recently modified their holdings of CHKP. Nemes Rush Group LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at about $25,000. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $27,000. Capital A Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $29,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% during 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 during the period. Finally, Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

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.