Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $260.00 at Jefferies Financial Group

Check Point Software Technologies (NASDAQ:CHKP - Free Report) had its target price boosted by Jefferies Financial Group from $255.00 to $260.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the technology company's stock.

CHKP has been the subject of a number of other research reports. Wedbush reissued an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. Barclays increased their price target on Check Point Software Technologies from $230.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Bank of America raised Check Point Software Technologies from a "neutral" rating to a "buy" rating and increased their price target for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Finally, Wells Fargo & Company cut their price objective on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $236.50.

Check Point Software Technologies Price Performance

CHKP stock traded down $1.90 during trading on Thursday, reaching $220.11. 789,371 shares of the stock traded hands, compared to its average volume of 629,111. The business's 50 day moving average price is $222.85 and its 200-day moving average price is $217.33. Check Point Software Technologies has a 52-week low of $169.01 and a 52-week high of $234.35. The firm has a market capitalization of $24.21 billion, a PE ratio of 29.04, a P/E/G ratio of 3.17 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The firm had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. Check Point Software Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 earnings per share. On average, equities research analysts predict that Check Point Software Technologies will post 8.61 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

Several large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its position in Check Point Software Technologies by 4.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,830 shares of the technology company's stock valued at $11,025,000 after acquiring an additional 2,046 shares during the period. Sequoia Financial Advisors LLC increased its position in Check Point Software Technologies by 17.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,487 shares of the technology company's stock valued at $1,656,000 after acquiring an additional 1,093 shares during the period. Legal Advantage Investments Inc. acquired a new stake in Check Point Software Technologies in the 2nd quarter valued at approximately $221,000. Franklin Parlapiano Turner & Welch LLC increased its position in Check Point Software Technologies by 2.8% in the 2nd quarter. Franklin Parlapiano Turner & Welch LLC now owns 34,567 shares of the technology company's stock valued at $7,648,000 after acquiring an additional 934 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Check Point Software Technologies by 12.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,106 shares of the technology company's stock valued at $1,793,000 after purchasing an additional 908 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.