Robert W. Baird Raises Check Point Software Technologies (NASDAQ:CHKP) Price Target to $200.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lifted by analysts at Robert W. Baird from $168.00 to $200.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective indicates a potential upside of 9.45% from the stock’s previous close.

Several other research firms have also weighed in on CHKP. Stifel Nicolaus reduced their target price on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Mizuho reiterated a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Barclays boosted their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. KeyCorp upgraded shares of Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Finally, Wedbush reiterated an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a report on Friday, April 26th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $183.68.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $182.74 on Thursday. The stock has a market cap of $20.63 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.62. The stock has a 50-day moving average of $161.86 and a 200-day moving average of $160.22. Check Point Software Technologies has a one year low of $125.68 and a one year high of $184.67.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.70%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.74 earnings per share. As a group, research analysts anticipate that Check Point Software Technologies will post 7.79 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $30,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $31,000. Richardson Financial Services Inc. acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth about $33,000. Y.D. More Investments Ltd increased its stake in shares of Check Point Software Technologies by 37.0% during the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after purchasing an additional 135 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $92,000. 87.62% of the stock is currently owned by 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.