Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $250.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lifted by Scotiabank from $215.00 to $250.00 in a report released on Friday,Benzinga reports. They currently have a sector outperform rating on the technology company’s stock.

Several other equities research analysts have also commented on the company. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Mizuho lifted their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Citigroup raised their target price 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. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Finally, Piper Sandler lifted their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $215.27.

Check Point Software Technologies Trading Down 0.4 %

NASDAQ CHKP opened at $218.02 on Friday. The business’s 50-day moving average price is $188.67 and its two-hundred day moving average price is $187.85. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $226.02. The firm 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHKP. Bank of Montreal Can grew its holdings in shares of Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC bought a new position in Check Point Software Technologies in the 3rd quarter valued at approximately $1,599,000. MML Investors Services LLC lifted its holdings in shares of Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after buying an additional 3,655 shares during the period. Martin Investment Management LLC increased its holdings in Check Point Software Technologies by 2.0% during the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after buying an additional 3,225 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its position in Check Point Software Technologies by 69.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock worth $4,502,000 after buying an additional 9,580 shares in the last quarter. Hedge funds and other institutional investors 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.