Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $221.00 at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lifted by JPMorgan Chase & Co. from $207.00 to $221.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 0.53% from the company’s previous close.

CHKP has been the subject of several other research reports. Truist Financial reissued a “buy” rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday. Wedbush upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Susquehanna upped their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday. Finally, Scotiabank increased their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday. Eighteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $214.57.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP traded up $0.83 during midday trading on Friday, hitting $219.82. 534,798 shares of the company’s stock were exchanged, compared to its average volume of 797,466. The stock has a 50 day moving average price of $187.94 and a 200-day moving average price of $187.44. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $226.02. The company has a market cap of $24.18 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 3.19 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the prior year, the company posted $1.80 EPS. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. On average, analysts anticipate that Check Point Software Technologies will post 7.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Check Point Software Technologies by 73.8% during the 3rd 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 worth $211,105,000 after purchasing an additional 464,821 shares during the period. World Investment Advisors LLC purchased a new stake in Check Point Software Technologies during the third quarter worth $51,922,000. FMR LLC grew its position in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after buying an additional 252,581 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in 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 valued at $354,153,000 after buying an additional 177,104 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after acquiring an additional 103,388 shares during the period. 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.