Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $215.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target lifted by Royal Bank of Canada from $187.00 to $215.00 in a research report released on Friday,Benzinga reports. The firm currently has a sector perform rating on the technology company’s stock.

A number of other research firms have also recently weighed in on CHKP. Stifel Nicolaus lifted their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday. Jefferies Financial Group boosted their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Scotiabank upped their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a report on Friday. Nineteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $215.27.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $218.02 on Friday. The company’s fifty day simple moving average is $188.67 and its 200-day simple moving average is $187.85. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $226.02. The stock has a market capitalization of $23.98 billion, a PE ratio of 29.78, a P/E/G ratio of 3.19 and a beta of 0.63.

Institutional Trading of Check Point Software Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bleakley Financial Group LLC boosted its holdings in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after buying an additional 57 shares in the last quarter. Regatta Capital Group LLC lifted its stake in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after buying an additional 57 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after buying an additional 57 shares in the last quarter. 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 purchasing an additional 60 shares during the last quarter. Finally, Strategic Investment Advisors MI increased its position in Check Point Software Technologies by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock worth $423,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds 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.