Jefferies Financial Group Increases Check Point Software Technologies (NASDAQ:CHKP) Price Target to $225.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective boosted by research analysts at Jefferies Financial Group from $220.00 to $225.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 19.65% from the company’s current price.

Several other research analysts have also commented on the stock. Mizuho lifted their price objective on shares of 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. BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Barclays cut their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Evercore ISI raised their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wedbush upped 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. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $199.05.

Check Point Software Technologies Stock Up 0.6 %

Check Point Software Technologies stock opened at $188.05 on Thursday. The company’s 50-day moving average price is $186.59 and its 200-day moving average price is $181.77. The company has a market cap of $20.68 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The company had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 earnings per share. As a group, sell-side analysts expect that Check Point Software Technologies will post 7.87 earnings per share for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Hedge funds have recently bought and sold shares of the stock. DGS Capital Management LLC raised its position in shares of Check Point Software Technologies by 0.7% in the 3rd quarter. DGS Capital Management LLC now owns 11,809 shares of the technology company’s stock worth $2,277,000 after acquiring an additional 87 shares in the last quarter. Franklin Resources Inc. raised its holdings in Check Point Software Technologies by 7.0% in the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company’s stock worth $34,665,000 after purchasing an additional 10,861 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Check Point Software Technologies by 0.8% during the third quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company’s stock valued at $21,463,000 after buying an additional 872 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Check Point Software Technologies by 3.1% in the 3rd quarter. Tidal Investments LLC now owns 40,686 shares of the technology company’s stock valued at $7,845,000 after buying an additional 1,224 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $187,000. 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.