BMO Capital Markets Issues Positive Forecast for Check Point Software Technologies (NASDAQ:CHKP) Stock Price

Check Point Software Technologies (NASDAQ:CHKP) had its price target boosted by research analysts at BMO Capital Markets from $215.00 to $245.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target points to a potential upside of 12.38% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Scotiabank raised their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday. Piper Sandler raised their price target on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Barclays raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday. Jefferies Financial Group raised their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a report on Friday. Nineteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Down 0.4 %

Shares of CHKP opened at $218.02 on Monday. The company has a market capitalization of $23.98 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. The firm has a 50 day moving average of $188.67 and a 200 day moving average of $187.97. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $226.02.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $27,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $33,000. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at $35,000. Finally, Strategic Financial Concepts LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at $35,000. Hedge funds and other institutional investors 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.