Barclays Cuts Check Point Software Technologies (NASDAQ:CHKP) Price Target to $200.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price trimmed by Barclays from $210.00 to $200.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

CHKP has been the subject of a number of other reports. Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Scotiabank upped their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 25th. Susquehanna increased their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday. Finally, BMO Capital Markets increased their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Trading Down 0.4 %

NASDAQ CHKP opened at $173.21 on Tuesday. Check Point Software Technologies has a 52 week low of $129.13 and a 52 week high of $210.70. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The company has a 50-day moving average price of $194.87 and a two-hundred day moving average price of $174.66.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. The company had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. As a group, equities research analysts expect that Check Point Software Technologies will post 7.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CHKP. Swedbank AB acquired a new position in Check Point Software Technologies in the 1st quarter valued at approximately $69,487,000. Boston Partners increased its stake in Check Point Software Technologies by 13.1% in the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after buying an additional 419,404 shares during the period. Acadian Asset Management LLC increased its stake in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after purchasing an additional 391,983 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth $47,244,000. Finally, Meitav Investment House Ltd. increased its stake in shares of Check Point Software Technologies by 1,295.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock worth $34,557,000 after purchasing an additional 194,595 shares during the last quarter. Institutional investors and hedge funds 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.