Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $185.00 at Deutsche Bank Aktiengesellschaft

Check Point Software Technologies (NASDAQ:CHKP) had its target price increased by Deutsche Bank Aktiengesellschaft from $175.00 to $185.00 in a report issued on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the technology company’s stock.

Several other analysts have also recently commented on the stock. Robert W. Baird raised their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a neutral rating in a report on Thursday. Mizuho reissued a neutral rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Wedbush upped their price target on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday. Susquehanna lifted their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the company a positive rating in a research report on Thursday. Finally, Barclays upped their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an equal weight rating in a research report on Thursday. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $183.68.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $182.74 on Thursday. The company has a market capitalization of $20.63 billion, a P/E ratio of 25.38, a PEG ratio of 2.89 and a beta of 0.62. Check Point Software Technologies has a 12 month low of $125.68 and a 12 month high of $184.67. The company’s 50 day simple moving average is $161.86 and its 200 day simple moving average is $160.31.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. On average, analysts anticipate that Check Point Software Technologies will post 7.8 earnings per share for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in Check Point Software Technologies by 52.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock worth $8,508,000 after purchasing an additional 19,111 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth about $1,505,000. Unique Wealth Strategies LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at approximately $1,005,000. Tritonpoint Wealth LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $2,586,000. Finally, Heritage Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $904,000. Institutional investors own 87.62% 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.