Check Point Software Technologies (NASDAQ:CHKP) Price Target Increased to $200.00 by Analysts at BMO Capital Markets

Check Point Software Technologies (NASDAQ:CHKP) had its target price lifted by BMO Capital Markets from $180.00 to $200.00 in a report issued on Thursday, Benzinga reports. They currently have a market perform rating on the technology company’s stock.

A number of other brokerages have also recently weighed in on CHKP. KeyCorp upgraded shares of Check Point Software Technologies to a hold rating in a research note on Tuesday, May 14th. Wedbush upped their price objective on Check Point Software Technologies from $185.00 to $200.00 and gave the company an outperform rating in a research note on Thursday. Stifel Nicolaus lowered their target price on Check Point Software Technologies from $170.00 to $165.00 and set a hold rating on the stock in a research note on Friday, April 26th. Robert W. Baird upped their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a neutral rating in a research note on Thursday. Finally, Mizuho reiterated a neutral rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and ten have given 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 $183.68.

Check Point Software Technologies Stock Performance

CHKP opened at $182.74 on Thursday. The stock has a market capitalization of $20.63 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.62. Check Point Software Technologies has a one year low of $125.68 and a one year high of $184.67. The business’s 50-day simple moving average is $161.86 and its 200-day simple moving average is $160.31.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. On average, equities research analysts forecast that Check Point Software Technologies will post 7.8 EPS for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BSW Wealth Partners raised its stake in Check Point Software Technologies by 3.7% in the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after purchasing an additional 78 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in shares of Check Point Software Technologies by 1.3% during the second quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after buying an additional 78 shares during the period. Guardian Wealth Management Inc. lifted its stake in shares of Check Point Software Technologies by 0.5% during the fourth quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after buying an additional 85 shares during the period. Pacer Advisors Inc. boosted its position in Check Point Software Technologies by 6.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock worth $211,000 after acquiring an additional 89 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Check Point Software Technologies by 5.1% in the 2nd quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock worth $337,000 after acquiring an additional 99 shares during the period. 87.62% 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.