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

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lifted by Mizuho from $220.00 to $230.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Citigroup upped their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Eighteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $221.91.

Check Point Software Technologies Stock Up 1.6 %

Shares of NASDAQ CHKP opened at $220.26 on Wednesday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02. The firm has a 50-day simple moving average of $201.38 and a 200-day simple moving average of $193.31. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

Institutional Trading of Check Point Software Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $428,820,000. Causeway Capital Management LLC raised its holdings in Check Point Software Technologies by 33.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company’s stock valued at $360,257,000 after acquiring an additional 487,823 shares in the last quarter. Robeco Institutional Asset Management B.V. raised 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 acquiring an additional 177,104 shares in the last quarter. First Trust Advisors LP raised its holdings in Check Point Software Technologies by 17.4% in the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company’s stock valued at $340,314,000 after acquiring an additional 269,925 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Check Point Software Technologies by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company’s stock valued at $266,930,000 after acquiring an additional 136,699 shares in the last quarter. Institutional investors and hedge funds 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.