Check Point Software Technologies (NASDAQ:CHKP) Given New $200.00 Price Target at Morgan Stanley

Check Point Software Technologies (NASDAQ:CHKP) had its price objective upped by Morgan Stanley from $183.00 to $200.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

CHKP has been the topic of a number of other research reports. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday. Robert W. Baird decreased their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research note on Monday, January 27th. Finally, Scotiabank upped their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $215.27.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $218.02 on Friday. The firm has a market capitalization of $23.98 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a one year low of $145.75 and a one year high of $226.02. The company’s 50 day moving average price is $188.67 and its 200 day moving average price is $187.76.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the firm posted $1.80 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Check Point Software Technologies will post 7.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

A number of large investors have recently bought and sold shares of the business. Bleakley Financial Group LLC grew its position in shares of Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after acquiring an additional 57 shares during the last quarter. Regatta Capital Group LLC boosted its stake in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC grew its position in Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after purchasing an additional 57 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the period. Finally, Strategic Investment Advisors MI raised its holdings in shares of Check Point Software Technologies by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after buying an additional 60 shares during the last quarter. Institutional investors own 98.51% 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.