Brokerages Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) Target Price at $221.91

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have received an average recommendation of "Hold" from the twenty-seven analysts that are currently covering the firm, Marketbeat.com reports. Seventeen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $224.86.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday. UBS Group boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Morgan Stanley boosted their price target on Check Point Software Technologies from $183.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th.

Institutional Trading of Check Point Software Technologies

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock valued at $16,532,000 after buying an additional 20,866 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter worth about $1,599,000. Truist Financial Corp lifted its position in Check Point Software Technologies by 2.6% in the 4th 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. MML Investors Services LLC boosted its stake in Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock valued at $19,957,000 after purchasing an additional 3,655 shares during the period. Finally, CIBC Asset Management Inc grew its position in Check Point Software Technologies by 14.5% in the 4th quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company's stock worth $1,790,000 after purchasing an additional 1,215 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 0.5 %

Shares of NASDAQ:CHKP traded up $1.06 during midday trading on Friday, reaching $221.32. The company's stock had a trading volume of 605,745 shares, compared to its average volume of 904,507. The business has a 50 day moving average price of $201.38 and a 200 day moving average price of $193.45. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $226.02. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

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.