Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $255.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target upped by Susquehanna from $215.00 to $255.00 in a research report released on Friday,Benzinga reports. They currently have a positive rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Truist Financial boosted their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Citigroup upped their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group increased their target price on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $215.27.

Check Point Software Technologies Trading Down 0.4 %

Shares of CHKP opened at $218.02 on Friday. The firm has a market capitalization of $23.98 billion, a P/E ratio of 29.78, a P/E/G 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. The firm has a fifty day moving average price of $188.67 and a 200-day moving average price of $187.85.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CHKP. Dimensional Fund Advisors LP purchased a new stake in shares of Check Point Software Technologies during the second quarter worth approximately $2,079,000. Millennium Management LLC grew its holdings in Check Point Software Technologies by 20.6% during the second quarter. Millennium Management LLC now owns 44,101 shares of the technology company’s stock worth $7,277,000 after acquiring an additional 7,523 shares during the period. Creative Planning grew its holdings in Check Point Software Technologies by 12.9% during the second quarter. Creative Planning now owns 18,510 shares of the technology company’s stock worth $3,054,000 after acquiring an additional 2,122 shares during the period. NewEdge Advisors LLC grew its holdings in Check Point Software Technologies by 145.8% during the second quarter. NewEdge Advisors LLC now owns 12,832 shares of the technology company’s stock worth $2,117,000 after acquiring an additional 7,611 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Check Point Software Technologies in the second quarter valued at $250,000. 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.