Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $245.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price raised by BMO Capital Markets from $215.00 to $245.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

Several other research firms have also recently weighed in on CHKP. Susquehanna boosted their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Scotiabank boosted their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Jefferies Financial Group raised their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Evercore ISI increased their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $216.99 on Monday. The company has a market capitalization of $23.86 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 3.41 and a beta of 0.65. The stock has a 50-day moving average of $189.90 and a 200 day moving average of $188.55. Check Point Software Technologies has a one year low of $145.75 and a one year high of $226.02.

Institutional Trading of Check Point Software Technologies

Institutional investors have recently made changes to their positions in the business. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $27,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Check Point Software Technologies during the third quarter valued at about $33,000. GAMMA Investing LLC increased its holdings in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $35,000. Finally, Concord Wealth Partners bought a new position in Check Point Software Technologies during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

About Check Point Software Technologies

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.