Check Point Software Technologies (NASDAQ:CHKP) Price Target Increased to $205.00 by Analysts at Mizuho

Check Point Software Technologies (NASDAQ:CHKP) had its price target boosted by Mizuho from $178.00 to $205.00 in a research note released on Thursday, Benzinga reports. Mizuho currently has a neutral rating on the technology company’s stock.

CHKP has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $200.00 price objective (up from $175.00) on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Wedbush upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Finally, Scotiabank boosted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $190.89.

Check Point Software Technologies Stock Down 0.6 %

CHKP opened at $206.23 on Thursday. The business’s fifty day simple moving average is $193.07 and its 200 day simple moving average is $172.76. Check Point Software Technologies has a 52 week low of $126.57 and a 52 week high of $210.70. The firm has a market cap of $23.29 billion, a P/E ratio of 28.64, a PEG ratio of 3.17 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. As a group, equities analysts expect that Check Point Software Technologies will post 7.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors have recently modified their holdings of the stock. Schubert & Co acquired a new stake in Check Point Software Technologies during the third quarter valued at approximately $265,000. Blue Trust Inc. increased its holdings in shares of Check Point Software Technologies by 99.4% in the 3rd quarter. Blue Trust Inc. now owns 3,184 shares of the technology company’s stock valued at $614,000 after acquiring an additional 1,587 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $208,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Check Point Software Technologies by 5.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,697 shares of the technology company’s stock worth $2,062,000 after purchasing an additional 515 shares during the last quarter. Finally, Cardinal Capital Management boosted its holdings in Check Point Software Technologies by 1.2% in the third quarter. Cardinal Capital Management now owns 8,335 shares of the technology company’s stock worth $1,607,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 87.62% 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.