BMO Capital Markets Raises Check Point Software Technologies (NASDAQ:CHKP) Price Target to $245.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price lifted by equities research analysts at BMO Capital Markets from $215.00 to $245.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ target price suggests a potential upside of 15.42% from the stock’s current price.

Other analysts also recently issued research reports about the company. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Robert W. Baird cut their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Susquehanna increased their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Piper Sandler boosted their target price on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Evercore ISI raised their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Down 0.8 %

CHKP opened at $212.26 on Monday. The company’s 50-day moving average price is $189.28 and its 200 day moving average price is $188.26. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

Hedge Funds Weigh In On Check Point Software Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Check Point Software Technologies by 73.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after buying an additional 464,821 shares in the last quarter. World Investment Advisors LLC purchased a new position in Check Point Software Technologies during the 3rd quarter valued at about $51,922,000. FMR LLC increased its holdings in shares of Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in shares of Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after purchasing an additional 103,388 shares during the period. 98.51% of the stock is currently 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.