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

Check Point Software Technologies (NASDAQ:CHKP) had its price objective increased by Deutsche Bank Aktiengesellschaft from $175.00 to $185.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 1.00% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird raised their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies 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. BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Barclays increased their price target on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a research note on Thursday. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $182.63.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $3.09 during midday trading on Thursday, reaching $183.16. 715,065 shares of the company traded hands, compared to its average volume of 709,375. Check Point Software Technologies has a 12 month low of $125.68 and a 12 month high of $184.67. The stock’s 50-day simple moving average is $160.63 and its 200-day simple moving average is $159.86. The firm has a market cap of $20.68 billion, a PE ratio of 25.58, a PEG ratio of 2.68 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.74 EPS. On average, equities research analysts expect that Check Point Software Technologies will post 7.79 EPS for the current year.

Institutional Trading of Check Point Software Technologies

A number of large investors have recently made changes to their positions in CHKP. BSW Wealth Partners grew its stake in Check Point Software Technologies by 3.7% in the fourth quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after acquiring an additional 78 shares during the period. Guardian Wealth Management Inc. increased its stake in Check Point Software Technologies by 0.5% during the 4th quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock worth $2,847,000 after purchasing an additional 85 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Check Point Software Technologies by 6.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock worth $211,000 after buying an additional 89 shares during the period. Mather Group LLC. lifted its stake in Check Point Software Technologies by 5.1% in the second quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock valued at $337,000 after buying an additional 99 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. boosted its holdings in shares of Check Point Software Technologies by 0.4% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock valued at $4,342,000 after buying an additional 102 shares during the period. 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.