Check Point Software Technologies (NASDAQ:CHKP) Price Target Lowered to $165.00 at Stifel Nicolaus

Check Point Software Technologies (NASDAQ:CHKP) had its target price dropped by research analysts at Stifel Nicolaus from $170.00 to $165.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 9.13% from the stock’s current price.

CHKP has been the topic of a number of other reports. Royal Bank of Canada upped their price target on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Citigroup upped their price target on Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. UBS Group upped their price target on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Wedbush reissued an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company increased their price objective on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $164.00.

Check Point Software Technologies Trading Down 1.1 %

NASDAQ CHKP opened at $151.20 on Friday. The business’s 50-day moving average price is $161.41 and its two-hundred day moving average price is $153.01. Check Point Software Technologies has a 12 month low of $117.18 and a 12 month high of $168.82. The firm has a market capitalization of $18.26 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. Check Point Software Technologies had a return on equity of 31.30% and a net margin of 34.33%. The company had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. As a group, analysts forecast that Check Point Software Technologies will post 7.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

A number of large investors have recently added to or reduced their stakes in the company. BSW Wealth Partners raised its position in Check Point Software Technologies by 3.7% during the fourth quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after purchasing an additional 78 shares in the last quarter. Guardian Wealth Management Inc. raised its position in Check Point Software Technologies by 0.5% during the fourth quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after purchasing an additional 85 shares in the last quarter. Koshinski Asset Management Inc. raised its position in Check Point Software Technologies by 3.6% during the third quarter. Koshinski Asset Management Inc. now owns 2,559 shares of the technology company’s stock valued at $341,000 after purchasing an additional 89 shares in the last quarter. Pacer Advisors Inc. raised its position in Check Point Software Technologies by 6.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock valued at $211,000 after purchasing an additional 89 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. raised its position in Check Point Software Technologies by 0.4% during 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 purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

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.