Check Point Software Technologies (NASDAQ:CHKP – Get 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.
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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