Check Point Software Technologies (NASDAQ:CHKP) Price Target Raised to $255.00 at Susquehanna

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its price target raised by stock analysts at Susquehanna from $215.00 to $255.00 in a report released on Friday,Benzinga reports. The firm presently has a "positive" rating on the technology company's stock. Susquehanna's price objective suggests a potential upside of 20.14% from the company's previous close.

A number of other research analysts have also commented on the stock. Morgan Stanley lifted their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an "equal weight" rating in a research note on Friday. Robert W. Baird reduced their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Piper Sandler increased their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 24th. Finally, Barclays increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $215.59.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded down $1.61 during trading hours on Friday, hitting $212.26. The stock had a trading volume of 1,294,566 shares, compared to its average volume of 867,255. The stock's 50 day moving average is $189.28 and its 200 day moving average is $188.26. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $226.02. The firm has a market capitalization of $23.34 billion, a PE ratio of 28.42, a PEG ratio of 3.41 and a beta of 0.65.

Institutional Investors Weigh In On Check Point Software Technologies

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

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.