Evercore ISI Boosts Check Point Software Technologies (NASDAQ:CHKP) Price Target to $185.00

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its target price upped by stock analysts at Evercore ISI from $180.00 to $185.00 in a report released on Wednesday, Benzinga reports. The firm currently has an "in-line" rating on the technology company's stock. Evercore ISI's price objective indicates a potential upside of 5.47% from the stock's current price.

A number of other equities analysts have also commented on CHKP. Mizuho lifted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Barclays cut their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating for the company in a research report on Tuesday. Susquehanna raised their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a "positive" rating in a research report on Thursday, July 25th. Wedbush boosted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird decreased their target price 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. Sixteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $197.74.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded down $2.47 during mid-day trading on Wednesday, reaching $175.40. 432,016 shares of the company traded hands, compared to its average volume of 688,551. The company's fifty day moving average is $195.52 and its two-hundred day moving average is $174.67. Check Point Software Technologies has a fifty-two week low of $129.13 and a fifty-two week high of $210.70. The stock has a market cap of $19.29 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62.

Institutional Investors Weigh In On Check Point Software Technologies

Large investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. bought a new position in shares of Check Point Software Technologies in the third quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $30,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $37,000. FSC Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $60,000. Finally, Sound Income Strategies LLC lifted its holdings in Check Point Software Technologies by 654.4% during 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 in the last quarter. 87.62% of the stock is currently owned by 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.

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