Check Point Software Technologies (NASDAQ:CHKP) Given New $221.00 Price Target at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price target boosted by JPMorgan Chase & Co. from $207.00 to $221.00 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other equities research analysts have also recently weighed in on CHKP. Evercore ISI increased their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Wedbush increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday. Stifel Nicolaus raised their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a report on Friday. Finally, Susquehanna increased their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $215.27.

Check Point Software Technologies Stock Performance

CHKP stock opened at $218.02 on Friday. The company has a market capitalization of $23.98 billion, a PE ratio of 29.78, a price-to-earnings-growth 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 two-hundred day moving average price is $187.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that Check Point Software Technologies will post 7.87 EPS for the current year.

Institutional Trading of Check Point Software Technologies

Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC raised its stake in shares of Check Point Software Technologies by 10.1% in the fourth quarter. Global Retirement Partners LLC now owns 10,260 shares of the technology company’s stock worth $1,916,000 after purchasing an additional 944 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth about $336,000. Atria Wealth Solutions Inc. lifted its stake in Check Point Software Technologies by 42.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,161 shares of the technology company’s stock valued at $777,000 after acquiring an additional 1,247 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Check Point Software Technologies by 5,018.2% in the fourth quarter. Venturi Wealth Management LLC now owns 563 shares of the technology company’s stock worth $105,000 after acquiring an additional 552 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after purchasing an additional 3,080 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other 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.