Check Point Software Technologies (NASDAQ:CHKP) PT Lowered to $165.00 at Stifel Nicolaus

Check Point Software Technologies (NASDAQ:CHKP) had its price objective trimmed by Stifel Nicolaus from $170.00 to $165.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

CHKP has been the topic of several other research reports. Mizuho restated a neutral rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Barclays increased their price target on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock an equal weight rating in a report on Friday. Wells Fargo & Company lifted their price objective on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an equal weight rating in a report on Monday, January 29th. Royal Bank of Canada increased their target price on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a sector perform rating in a research note on Wednesday, February 7th. Finally, TD Cowen lifted their price target on Check Point Software Technologies from $180.00 to $205.00 and gave the company an outperform rating in a research note on Monday, March 18th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of Hold and a consensus target price of $164.00.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $150.46 on Friday. The stock has a market cap of $18.17 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The firm has a fifty day moving average price of $161.16 and a 200 day moving average price of $153.25. Check Point Software Technologies has a 1 year low of $117.18 and a 1 year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The business had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. As a group, equities analysts expect that Check Point Software Technologies will post 7.85 EPS for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

A number of hedge funds have recently modified their holdings of CHKP. Acadian Asset Management LLC boosted its stake in shares of Check Point Software Technologies by 1.6% during the third quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company’s stock worth $579,517,000 after buying an additional 69,441 shares during the period. Boston Partners lifted its position in Check Point Software Technologies by 5.0% during the 4th quarter. Boston Partners now owns 3,204,519 shares of the technology company’s stock worth $489,700,000 after acquiring an additional 151,657 shares during the period. Nordea Investment Management AB grew its stake in shares of Check Point Software Technologies by 0.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock valued at $365,851,000 after purchasing an additional 7,493 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Check Point Software Technologies by 3.4% in the third quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company’s stock valued at $216,822,000 after purchasing an additional 52,863 shares during the period. Finally, Ariel Investments LLC raised its stake in shares of Check Point Software Technologies by 121.2% during the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares during the last quarter. 87.62% of the stock is currently 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.