Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $245.00 at BMO Capital Markets

Check Point Software Technologies (NASDAQ:CHKP) had its price target boosted by BMO Capital Markets from $215.00 to $245.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley raised their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday. Robert W. Baird dropped their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a research report on Friday. Stifel Nicolaus lifted their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Nineteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Price Performance

CHKP opened at $213.87 on Monday. The company has a market capitalization of $23.52 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 3.41 and a beta of 0.63. The business has a fifty day simple moving average of $188.67 and a 200 day simple moving average of $187.97. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $226.02.

Hedge Funds Weigh In On Check Point Software Technologies

Several large investors have recently modified their holdings of CHKP. Dimensional Fund Advisors LP bought a new position in Check Point Software Technologies during the 2nd quarter worth $2,079,000. Millennium Management LLC lifted its stake in shares of Check Point Software Technologies by 20.6% in the second quarter. Millennium Management LLC now owns 44,101 shares of the technology company’s stock worth $7,277,000 after acquiring an additional 7,523 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Check Point Software Technologies in the second quarter worth approximately $250,000. Sanctuary Advisors LLC bought a new stake in Check Point Software Technologies in the second quarter valued at approximately $703,000. Finally, Diversified Trust Co increased its position in Check Point Software Technologies by 23.9% during the 3rd quarter. Diversified Trust Co now owns 20,778 shares of the technology company’s stock valued at $4,006,000 after purchasing an additional 4,002 shares during the period. Institutional investors 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.