Scotiabank Boosts Check Point Software Technologies (NASDAQ:CHKP) Price Target to $250.00

Check Point Software Technologies (NASDAQ:CHKP - Free Report) had its price target upped by Scotiabank from $215.00 to $250.00 in a research note published on Friday,Benzinga reports. They currently have a sector outperform rating on the technology company's stock.

Other analysts have also issued reports about the company. Jefferies Financial Group lifted their target price on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Wedbush lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, October 9th. Truist Financial raised their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Finally, Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 24th. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $215.59.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded down $1.61 during trading hours on Friday, hitting $212.26. The company had a trading volume of 1,294,566 shares, compared to its average volume of 867,255. The firm's 50 day moving average is $189.28 and its 200 day moving average is $188.26. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The company has a market capitalization of $23.34 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 3.41 and a beta of 0.65.

Institutional Trading of Check Point Software Technologies

A number of large investors have recently modified their holdings of CHKP. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth $27,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies during the third quarter valued at about $33,000. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at about $35,000. Finally, Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 98.51% of the company's stock.

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.