Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $255.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective upped by Jefferies Financial Group from $250.00 to $255.00 in a research note published on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

CHKP has been the topic of several other research reports. Truist Financial restated a “buy” rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $235.00 to $255.00 in a research note on Thursday. Mizuho lifted their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Nineteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $221.91.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $220.26 on Thursday. The firm has a market capitalization of $24.22 billion, a PE ratio of 29.49, a P/E/G ratio of 3.41 and a beta of 0.65. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $226.02. The company’s 50 day simple moving average is $201.38 and its 200 day simple moving average is $193.38.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently made changes to their positions in the business. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $25,000. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $27,000. Capital A Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.