Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $192.00 at Barclays

Check Point Software Technologies (NASDAQ:CHKP) had its target price raised by Barclays from $175.00 to $192.00 in a report issued on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the technology company’s stock.

Several other equities research analysts have also commented on CHKP. Stifel Nicolaus reduced their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a hold rating for the company in a research note on Friday, April 26th. Mizuho restated a neutral rating and issued a $160.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. 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. KeyCorp raised shares of Check Point Software Technologies to a hold rating in a report on Tuesday, May 14th. Finally, Robert W. Baird raised their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a neutral rating in a research note on Thursday. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $183.68.

Check Point Software Technologies Stock Up 0.9 %

Shares of Check Point Software Technologies stock opened at $182.74 on Thursday. Check Point Software Technologies has a twelve month low of $125.68 and a twelve month high of $184.67. The company’s 50 day moving average is $161.86 and its 200 day moving average is $160.31. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results 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. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period in the previous year, the company posted $1.74 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Sell-side analysts expect that Check Point Software Technologies will post 7.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds have recently bought and sold shares of the business. Argonautica Private Wealth Management Inc. raised its position in Check Point Software Technologies by 1.3% during the second quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after purchasing an additional 78 shares during the period. Simmons Bank increased its position in shares of Check Point Software Technologies by 11.2% during the 2nd quarter. Simmons Bank now owns 28,895 shares of the technology company’s stock valued at $4,768,000 after purchasing an additional 2,901 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Check Point Software Technologies by 16.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,336 shares of the technology company’s stock valued at $880,000 after buying an additional 735 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Check Point Software Technologies by 7.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,569 shares of the technology company’s stock worth $2,569,000 after buying an additional 1,077 shares during the last quarter. Finally, ARK Investment Management LLC boosted its stake in Check Point Software Technologies by 1.8% during the second quarter. ARK Investment Management LLC now owns 13,669 shares of the technology company’s stock worth $2,255,000 after buying an additional 241 shares during the period. Hedge funds and other institutional investors own 87.62% 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.