Check Point Software Technologies (NASDAQ:CHKP) Given New $195.00 Price Target at Piper Sandler

Check Point Software Technologies (NASDAQ:CHKP) had its target price lifted by Piper Sandler from $185.00 to $195.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. 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 report on Wednesday, October 30th. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Barclays cut their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus increased their price target on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $199.24.

Check Point Software Technologies Stock Down 0.8 %

Shares of Check Point Software Technologies stock opened at $179.88 on Monday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $210.70. The firm has a market cap of $19.78 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. The business’s fifty day simple moving average is $182.18 and its 200-day simple moving average is $184.46.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. As a group, equities analysts expect that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHKP. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the third quarter worth about $27,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies during the third quarter valued at approximately $33,000. GAMMA Investing LLC grew its holdings in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Concord Wealth Partners bought a new stake in Check Point Software Technologies during the third quarter worth approximately $37,000. Finally, Arrow Financial Corp boosted its holdings in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds 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.