Barclays Lowers Check Point Software Technologies (NASDAQ:CHKP) Price Target to $200.00

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its price objective reduced by equities researchers at Barclays from $210.00 to $200.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the technology company's stock. Barclays's price objective suggests a potential upside of 12.44% from the company's current price.

Other research analysts also recently issued reports about the stock. Mizuho raised their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Wedbush lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a report on Friday. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $196.78.

Check Point Software Technologies Trading Down 14.5 %

Shares of NASDAQ CHKP traded down $30.09 during mid-day trading on Tuesday, reaching $177.87. The company had a trading volume of 3,401,329 shares, compared to its average volume of 689,777. Check Point Software Technologies has a 52-week low of $126.57 and a 52-week high of $210.70. The stock has a market cap of $20.08 billion, a P/E ratio of 24.70, a PEG ratio of 3.17 and a beta of 0.62. The firm has a 50 day simple moving average of $195.73 and a two-hundred day simple moving average of $174.56.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Check Point Software Technologies in the second quarter worth approximately $30,000. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter valued at $33,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the 3rd quarter valued at $37,000. FSC Wealth Advisors LLC acquired a new position in Check Point Software Technologies during the 3rd quarter valued at $60,000. Finally, Sound Income Strategies LLC raised its stake 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 valued at $83,000 after buying an additional 373 shares in the last quarter. 87.62% 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.

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