Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $221.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target upped by JPMorgan Chase & Co. from $207.00 to $221.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other research analysts have also recently weighed in on the stock. Mizuho lifted their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Scotiabank lifted their price target 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. Citigroup boosted their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Finally, Royal Bank of Canada boosted their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Friday. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $215.27.

Check Point Software Technologies Trading Down 0.4 %

CHKP stock opened at $218.02 on Friday. The stock’s 50 day simple moving average is $188.67 and its 200 day simple moving average is $187.85. The stock has a market capitalization of $23.98 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $226.02.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the third quarter valued at about $27,000. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies during the 3rd quarter valued at about $33,000. GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $35,000. Finally, Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $37,000. 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.