Check Point Software Technologies (NASDAQ:CHKP) Price Target Increased to $210.00 by Analysts at Robert W. Baird

Check Point Software Technologies (NASDAQ:CHKP) had its price target boosted by Robert W. Baird from $200.00 to $210.00 in a report published on Tuesday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

CHKP has been the subject of several other research reports. Susquehanna raised their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. BMO Capital Markets lifted their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Truist Financial reiterated a “buy” rating and issued a $200.00 target price (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Scotiabank raised their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Finally, Barclays upped their price target on Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $194.67.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $207.16 on Tuesday. Check Point Software Technologies has a 12-month low of $126.57 and a 12-month high of $210.70. The stock has a market capitalization of $23.39 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The firm has a 50 day simple moving average of $194.88 and a 200-day simple moving average of $173.81.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. During the same period last year, the company posted $1.74 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that Check Point Software Technologies will post 7.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB purchased a new stake in shares of Check Point Software Technologies during the first quarter worth $69,487,000. Boston Partners lifted its stake in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after acquiring an additional 419,404 shares during the last quarter. Acadian Asset Management LLC grew its position in Check Point Software Technologies by 10.5% in the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth $47,244,000. Finally, Meitav Investment House Ltd. raised its holdings in shares of Check Point Software Technologies by 1,295.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock valued at $34,557,000 after purchasing an additional 194,595 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.