Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $230.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective increased by UBS Group from $200.00 to $230.00 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Other analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Mizuho lifted their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. 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 report on Wednesday, October 30th. Citigroup increased their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, Truist Financial restated a “buy” rating and set a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $215.27.

Check Point Software Technologies Trading Down 0.4 %

Shares of CHKP stock opened at $218.02 on Friday. The stock’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 company has a market capitalization of $23.98 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 3.19 and a beta of 0.63.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CHKP. FSA Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the third quarter worth $27,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $33,000. GAMMA Investing LLC boosted its stake in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth about $35,000. Finally, Concord Wealth Partners purchased a new position in Check Point Software Technologies in the 3rd quarter worth about $37,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

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.