Check Point Software Technologies (NASDAQ:CHKP) PT Raised to $144.00

Check Point Software Technologies (NASDAQ:CHKPGet Rating) had its price target raised by investment analysts at Wells Fargo & Company from $120.00 to $144.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “underweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 5.79% from the company’s current price.

Several other equities analysts have also recently commented on CHKP. Morgan Stanley boosted their target price on Check Point Software Technologies from $116.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 4th. Jefferies Financial Group initiated coverage on Check Point Software Technologies in a report on Monday, April 18th. They set a “hold” rating and a $155.00 target price on the stock. StockNews.com initiated coverage on Check Point Software Technologies in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Barclays increased their price objective on Check Point Software Technologies from $145.00 to $160.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 12th. Finally, Summit Insights began coverage on Check Point Software Technologies in a report on Thursday, March 31st. They issued a “buy” rating and a $160.00 target price on the stock. Six analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.41.

Shares of CHKP stock traded down $1.15 during trading hours on Monday, reaching $136.12. The company had a trading volume of 4,528 shares, compared to its average volume of 1,386,292. Check Point Software Technologies has a 12 month low of $107.85 and a 12 month high of $149.62. The business has a fifty day simple moving average of $139.22 and a 200-day simple moving average of $125.56. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last released its earnings results on Thursday, February 3rd. The technology company reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.13. Check Point Software Technologies had a return on equity of 25.39% and a net margin of 37.64%. The business had revenue of $599.10 million during the quarter, compared to the consensus estimate of $586.42 million. During the same period last year, the business posted $1.98 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Check Point Software Technologies will post 6.4 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. D Orazio & Associates Inc. acquired a new stake in Check Point Software Technologies during the third quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in Check Point Software Technologies by 55.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 249 shares of the technology company’s stock worth $29,000 after acquiring an additional 89 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of Check Point Software Technologies by 107.0% in the first quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock valued at $33,000 after buying an additional 122 shares in the last quarter. Sageworth Trust Co of South Dakota acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $49,000. Finally, Spire Wealth Management grew its stake in Check Point Software Technologies by 85.3% during the 4th quarter. Spire Wealth Management now owns 428 shares of the technology company’s stock worth $50,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

Check Point Software Technologies Company Profile (Get Rating)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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