UBS Group Forecasts Strong Price Appreciation for Check Point Software Technologies (NASDAQ:CHKP) Stock

Check Point Software Technologies (NASDAQ:CHKP) had its target price lifted by UBS Group from $200.00 to $230.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other research firms also recently issued reports on CHKP. Piper Sandler increased their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Mizuho raised their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday. Barclays raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Evercore ISI lifted their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $215.27.

Check Point Software Technologies Trading Down 0.4 %

Shares of NASDAQ:CHKP opened at $218.02 on Friday. The company has a market capitalization of $23.98 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $226.02. The firm’s 50-day moving average is $188.67 and its 200 day moving average is $187.85.

Hedge Funds Weigh In On Check Point Software Technologies

Several institutional investors have recently modified their holdings of CHKP. Bleakley Financial Group LLC lifted its holdings in Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after purchasing an additional 57 shares during the period. Regatta Capital Group LLC lifted its holdings in Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after acquiring an additional 57 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after buying an additional 57 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the period. Finally, Strategic Investment Advisors MI increased its holdings in shares of Check Point Software Technologies by 2.7% in the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after purchasing an additional 60 shares during the period. Institutional investors 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.