Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $229.86 Consensus Price Target from Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have received an average recommendation of “Hold” from the twenty-seven research firms that are covering the firm, MarketBeat reports. Sixteen analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $232.82.

A number of analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $255.00 in a research note on Thursday, February 27th. Morgan Stanley began coverage on shares of Check Point Software Technologies in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $235.00 price objective on the stock. Finally, Mizuho upped their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $231.31 on Tuesday. The stock has a market capitalization of $25.44 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $232.66. The stock has a fifty day moving average of $216.77 and a 200-day moving average of $198.20.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds have recently made changes to their positions in the business. Nemes Rush Group LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth $25,000. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at $27,000. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth about $29,000. GAMMA Investing LLC lifted its position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth about $35,000. 98.51% of the stock is owned by institutional investors.

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.