Robert W. Baird Increases Check Point Software Technologies (NASDAQ:CHKP) Price Target to $210.00

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its target price raised by equities research analysts at Robert W. Baird from $200.00 to $210.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Robert W. Baird's price objective points to a potential upside of 1.29% from the company's previous close.

CHKP has been the subject of a number of other research reports. Wedbush lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Truist Financial reissued a "buy" rating and set a $200.00 price objective (up previously from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. BMO Capital Markets boosted their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a "market perform" rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a "sector perform" rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $191.44.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded up $2.04 during mid-day trading on Tuesday, reaching $207.32. 1,015,393 shares of the company's stock were exchanged, compared to its average volume of 676,733. The firm has a market capitalization of $23.41 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. Check Point Software Technologies has a 52 week low of $126.57 and a 52 week high of $210.70. The firm has a 50-day moving average price of $194.06 and a two-hundred day moving average price of $173.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million for the quarter, compared to analysts' expectations of $623.19 million. During the same period in the previous year, the business posted $1.74 EPS. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Check Point Software Technologies will post 7.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $30,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter worth $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter worth $60,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Check Point Software Technologies by 654.4% in the 3rd quarter. Sound Income Strategies LLC now owns 430 shares of the technology company's stock worth $83,000 after buying an additional 373 shares during the period. Hedge funds and other institutional investors own 87.62% 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.