Check Point Software Technologies (NASDAQ:CHKP) Price Target Cut to $165.00 by Analysts at Stifel Nicolaus

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lowered by Stifel Nicolaus from $170.00 to $165.00 in a report released on Friday, Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 9.38% from the stock’s current price.

A number of other research firms have also weighed in on CHKP. Susquehanna raised their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. UBS Group boosted their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Wells Fargo & Company increased their price target on Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Barclays boosted their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Truist Financial raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $164.00.

Check Point Software Technologies Stock Down 1.4 %

CHKP traded down $2.10 during trading on Friday, hitting $150.85. 718,743 shares of the company’s stock were exchanged, compared to its average volume of 725,128. The stock has a market cap of $18.22 billion, a P/E ratio of 21.27, a PEG ratio of 2.61 and a beta of 0.61. The business’s 50 day moving average is $161.64 and its two-hundred day moving average is $152.78. Check Point Software Technologies has a fifty-two week low of $117.18 and a fifty-two week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.72. The company had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. On average, sell-side analysts forecast that Check Point Software Technologies will post 7.85 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth $30,000. CNB Bank purchased a new position in shares of Check Point Software Technologies in the third quarter worth $27,000. Richardson Financial Services Inc. bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at $33,000. Finally, Salem Investment Counselors Inc. boosted its position in shares of Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after buying an additional 237 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

About Check Point Software Technologies

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.