Jefferies Financial Group Increases Check Point Software Technologies (NASDAQ:CHKP) Price Target to $225.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price hoisted by Jefferies Financial Group from $220.00 to $225.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 22.62% from the stock’s current price.

CHKP has been the subject of a number of other reports. Wedbush increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Mizuho upped their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial boosted their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays decreased their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $199.05.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded up $2.41 during trading on Thursday, hitting $183.50. 110,670 shares of the company were exchanged, compared to its average volume of 683,943. The firm has a market capitalization of $20.18 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. The firm’s fifty day moving average price is $187.44 and its 200 day moving average price is $181.48. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period in the prior year, the company earned $1.80 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Check Point Software Technologies will post 7.87 earnings per share for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after buying an additional 464,821 shares during the period. Acadian Asset Management LLC grew its holdings in Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after buying an additional 391,983 shares in the last quarter. Marshall Wace LLP purchased a new position in Check Point Software Technologies during the 2nd quarter worth $47,244,000. World Investment Advisors LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter worth $51,922,000. Finally, FMR LLC lifted its position in shares of Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. 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.