Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $155.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target lifted by Barclays from $140.00 to $155.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

CHKP has been the topic of several other research reports. TD Cowen reissued a “buy” rating on shares of Check Point Software Technologies in a research report on Thursday, July 30th. Yorkville Ives began coverage on shares of Check Point Software Technologies in a research note on Wednesday, October 7th. They issued an “outperform” rating and a $150.00 price objective for the company. Wedbush cut shares of Check Point Software Technologies from an “outperform” rating to a “neutral” rating and set a $135.00 price objective for the company. in a report on Thursday, September 10th. Scotiabank cut their target price on shares of Check Point Software Technologies from $185.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Finally, UBS Group reaffirmed a “neutral” rating and set a $145.00 target price on shares of Check Point Software Technologies in a research note on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and twenty have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $151.32.

Check Point Software Technologies Trading Up 0.5%

Shares of NASDAQ CHKP opened at $148.18 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.67 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $15.13 billion, a PE ratio of 17.83, a PEG ratio of 4.22 and a beta of 0.43. Check Point Software Technologies has a twelve month low of $112.23 and a twelve month high of $206.43. The stock has a fifty day simple moving average of $138.58 and a 200-day simple moving average of $140.90.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Monday, November 2nd. The technology company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.01. The firm had revenue of $669.80 million for the quarter, compared to analyst estimates of $672.06 million. Check Point Software Technologies had a return on equity of 34.08% and a net margin of 31.74%. Check Point Software Technologies’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.94 EPS. On average, equities analysts forecast that Check Point Software Technologies will post 8.45 earnings per share for the current year.

Insider Transactions at Check Point Software Technologies

In related news, insider Nataly Kremer sold 3,185 shares of Check Point Software Technologies stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $150.08, for a total value of $478,004.80. Following the completion of the transaction, the insider owned 19,347 shares in the company, valued at $2,903,597.76. The trade was a 14.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. JNBA Financial Advisors increased its holdings in shares of Check Point Software Technologies by 90.0% in the second quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock valued at $25,000 after purchasing an additional 90 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $30,000. Western Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter worth $33,000. Elevation Wealth Partners LLC lifted its holdings in shares of Check Point Software Technologies by 42.7% during the second quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company’s stock worth $33,000 after purchasing an additional 76 shares during the period. Finally, Oslo Pensjonsforsikring AS purchased a new position in Check Point Software Technologies in the 1st quarter valued at $36,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

About Check Point Software Technologies

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.

The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.