Jefferies Financial Group Issues Positive Forecast for Check Point Software Technologies (NASDAQ:CHKP) Stock Price

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its price target hoisted by investment analysts at Jefferies Financial Group from $250.00 to $255.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Jefferies Financial Group's target price indicates a potential upside of 15.34% from the company's current price.

Several other equities analysts have also issued reports on CHKP. UBS Group lifted 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 report on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Citigroup boosted their price objective 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. Scotiabank upped their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus increased their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a report on Friday, January 31st. Eighteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has an average rating of "Hold" and an average target price of $224.86.

Check Point Software Technologies Trading Up 0.4 %

Shares of CHKP stock traded up $0.83 during trading hours on Thursday, reaching $221.09. 888,463 shares of the stock were exchanged, compared to its average volume of 913,466. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $226.02. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. The company's 50-day moving average price is $201.38 and its 200-day moving average price is $193.45.

Institutional Trading of Check Point Software Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Menard Financial Group LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth approximately $41,000. Brucke Financial Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $214,000. Bernard Wealth Management Corp. purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $76,000. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $29,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Check Point Software Technologies by 2.5% in the fourth quarter. Mackenzie Financial Corp now owns 20,730 shares of the technology company's stock worth $3,870,000 after acquiring an additional 506 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

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.