Check Point Software Technologies (NASDAQ:CHKP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $207.00 to $221.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 4.12% from the stock's current price.

Several other research firms have also weighed in on CHKP. Jefferies Financial Group raised their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Royal Bank of Canada raised their price objective on Check Point Software Technologies from $187.00 to $215.00 and gave the stock a "sector perform" rating in a research report on Friday. Truist Financial reiterated a "buy" rating and issued a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday. Stifel Nicolaus boosted their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a report on Friday. Finally, Citigroup upped their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $215.59.

Check Point Software Technologies Trading Down 0.8 %

Check Point Software Technologies stock traded down $1.61 during midday trading on Friday, reaching $212.26. 1,301,296 shares of the stock traded hands, compared to its average volume of 867,255. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 3.41 and a beta of 0.65. The firm has a fifty day moving average price of $189.28 and a two-hundred day moving average price of $188.26.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies during the 3rd quarter worth about $33,000. Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at about $35,000. Finally, Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 98.51% of the company's stock.

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.