Check Point Software Technologies (NASDAQ:CHKP) PT Lowered to $165.00

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its price objective decreased by stock analysts at Stifel Nicolaus from $170.00 to $165.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a "hold" rating on the technology company's stock. Stifel Nicolaus' price target indicates a potential upside of 9.13% from the company's current price.

Several other analysts have also weighed in on the company. Barclays raised their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday. Truist Financial upped their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Wells Fargo & Company upped their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. BMO Capital Markets upped their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 7th. Finally, Mizuho reaffirmed a "neutral" rating and set a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $164.00.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded down $1.75 during trading hours on Friday, reaching $151.20. 1,275,451 shares of the company's stock were exchanged, compared to its average volume of 732,373. The company's 50-day moving average is $161.64 and its two-hundred day moving average is $152.78. Check Point Software Technologies has a one year low of $117.18 and a one year high of $168.82. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.61 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting analysts' consensus estimates of $1.72. The firm had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Research analysts predict that Check Point Software Technologies will post 7.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its stake in Check Point Software Technologies by 1.6% in the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company's stock worth $579,517,000 after purchasing an additional 69,441 shares during the period. Boston Partners raised its holdings in shares of Check Point Software Technologies by 5.0% in the 4th quarter. Boston Partners now owns 3,204,519 shares of the technology company's stock valued at $489,700,000 after acquiring an additional 151,657 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Check Point Software Technologies by 0.3% during the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company's stock valued at $365,851,000 after buying an additional 7,493 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Check Point Software Technologies by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company's stock valued at $216,822,000 after buying an additional 52,863 shares in the last quarter. Finally, Ariel Investments LLC raised its holdings in shares of Check Point Software Technologies by 121.2% during the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company's stock valued at $144,391,000 after buying an additional 593,623 shares in the last quarter. 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.