Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) had its price objective boosted by investment analysts at Evercore ISI from $180.00 to $185.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “in-line” rating on the technology company’s stock. Evercore ISI’s price target would indicate a potential upside of 5.47% from the stock’s current price.
Several other analysts also recently commented on the company. Jefferies Financial Group raised their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Scotiabank increased their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted 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 research note on Monday. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday. Finally, Susquehanna raised their price objective on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $197.74.
Check Out Our Latest Stock Report on Check Point Software Technologies
Check Point Software Technologies Price Performance
Hedge Funds Weigh In On Check Point Software Technologies
Several large investors have recently made changes to their positions in CHKP. Tidal Investments LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at $6,558,000. Quantbot Technologies LP bought a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $1,095,000. Allspring Global Investments Holdings LLC lifted its stake in Check Point Software Technologies by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock worth $15,980,000 after purchasing an additional 7,357 shares in the last quarter. M&G Plc grew its position in shares of Check Point Software Technologies by 10.0% during the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after purchasing an additional 9,830 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Check Point Software Technologies in the first quarter worth about $2,928,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.
About Check Point Software Technologies
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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