Check Point Software Technologies (NASDAQ:CHKP) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Check Point Software Technologies (NASDAQ:CHKP) had its price objective boosted by Jefferies Financial Group from $250.00 to $255.00 in a research note released on Thursday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

Other analysts have also issued reports about the stock. UBS Group increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Morgan Stanley increased their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Eighteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $221.91.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $216.69 on Thursday. The company’s 50 day moving average price is $200.74 and its 200-day moving average price is $193.03. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 3.41 and a beta of 0.65.

Institutional Investors Weigh In On Check Point Software Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth approximately $25,000. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the 3rd quarter worth approximately $27,000. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth $35,000. 98.51% of the stock is currently 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.