Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $175.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target upped by Barclays from $170.00 to $175.00 in a research report report published on Friday, Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

CHKP has been the topic of a number of other research reports. William Blair upgraded shares of Check Point Software Technologies from a market perform rating to an outperform rating in a research note on Wednesday, January 31st. Royal Bank of Canada lifted their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a sector perform rating in a report on Wednesday, February 7th. Wells Fargo & Company lifted their price target on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an equal weight rating in a report on Monday, January 29th. Citigroup lifted their price target on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the company a neutral rating in a report on Wednesday, January 10th. Finally, Wedbush reiterated an outperform rating and issued a $185.00 price target on shares of Check Point Software Technologies in a report on Wednesday, April 10th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $164.00.

Check Point Software Technologies Stock Performance

CHKP opened at $151.20 on Friday. Check Point Software Technologies has a fifty-two week low of $117.18 and a fifty-two week high of $168.82. The firm’s fifty day moving average is $161.41 and its 200 day moving average is $153.14. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.30%. The company had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. On average, equities research analysts predict that Check Point Software Technologies will post 7.85 earnings per share for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

Several hedge funds have recently added to or reduced their stakes in CHKP. AE Wealth Management LLC grew its holdings in Check Point Software Technologies by 17.8% during the 3rd quarter. AE Wealth Management LLC now owns 6,767 shares of the technology company’s stock valued at $902,000 after purchasing an additional 1,022 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Check Point Software Technologies by 3.6% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,559 shares of the technology company’s stock valued at $341,000 after purchasing an additional 89 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Check Point Software Technologies by 2.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 88,905 shares of the technology company’s stock valued at $11,849,000 after purchasing an additional 2,198 shares during the last quarter. Brookstone Capital Management grew its holdings in Check Point Software Technologies by 38.2% during the 3rd quarter. Brookstone Capital Management now owns 6,072 shares of the technology company’s stock valued at $823,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Check Point Software Technologies by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,467 shares of the technology company’s stock valued at $2,461,000 after purchasing an additional 872 shares during the last quarter. 87.62% of the stock is currently 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.