Barclays Increases Check Point Software Technologies (NASDAQ:CHKP) Price Target to $192.00

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

Other equities research analysts have also recently issued research reports about the stock. Wedbush reiterated an outperform rating and set a $185.00 price objective on shares of Check Point Software Technologies in a research report on Friday, April 26th. KeyCorp upgraded shares of Check Point Software Technologies to a hold rating in a research report on Tuesday, May 14th. Susquehanna boosted their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a positive rating in a research report on Thursday. 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. Finally, Needham & Company LLC restated a hold rating on shares of Check Point Software Technologies in a research report on Thursday. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of Hold and a consensus target price of $183.68.

Check Point Software Technologies Trading Up 0.9 %

NASDAQ CHKP opened at $182.74 on Thursday. Check Point Software Technologies has a 12 month low of $125.68 and a 12 month high of $184.67. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 2.86 and a beta of 0.62. The company’s 50 day moving average is $161.86 and its two-hundred day moving average is $160.27.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 earnings per share. Sell-side analysts forecast that Check Point Software Technologies will post 7.79 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CHKP. Morningstar Investment Services LLC grew its holdings in shares of Check Point Software Technologies by 98.5% in the fourth quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock worth $148,080,000 after purchasing an additional 481,626 shares during the last quarter. Swedbank AB purchased a new stake in Check Point Software Technologies in the first quarter worth about $69,487,000. Boston Partners lifted its stake in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after acquiring an additional 419,404 shares during the period. Boston Trust Walden Corp lifted its stake in Check Point Software Technologies by 248.8% in the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after acquiring an additional 218,403 shares during the period. Finally, Norges Bank purchased a new stake in Check Point Software Technologies in the fourth quarter worth about $29,801,000. 87.62% of the stock is currently owned by institutional investors.

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.