Stifel Nicolaus Trims Check Point Software Technologies (NASDAQ:CHKP) Target Price to $165.00

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

A number of other research analysts have also issued reports on CHKP. Mizuho reissued a neutral rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Barclays boosted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an equal weight rating in a research note on Friday. William Blair raised shares of Check Point Software Technologies from a market perform rating to an outperform rating in a research note on Wednesday, January 31st. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a market perform rating in a research note on Wednesday, February 7th. Finally, UBS Group boosted their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a neutral rating in a research note on Wednesday, January 10th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $164.00.

Check Point Software Technologies Stock Down 1.1 %

Shares of NASDAQ:CHKP opened at $151.20 on Friday. Check Point Software Technologies has a fifty-two week low of $117.18 and a fifty-two week high of $168.82. The firm has a 50-day simple moving average of $161.41 and a 200 day simple moving average of $153.14. The company has a market cap of $18.26 billion, a PE ratio of 21.00, a P/E/G ratio of 2.45 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last announced 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 net margin of 34.33% and a return on equity of 31.30%. The business had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. As a group, research analysts forecast that Check Point Software Technologies will post 7.85 EPS for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHKP. Acadian Asset Management LLC raised its holdings 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 valued at $579,517,000 after acquiring an additional 69,441 shares during the period. Boston Partners raised its holdings in shares of Check Point Software Technologies by 5.0% during the fourth quarter. Boston Partners now owns 3,204,519 shares of the technology company’s stock valued at $489,700,000 after acquiring an additional 151,657 shares during the period. Nordea Investment Management AB raised its holdings in shares of Check Point Software Technologies by 0.3% during the third quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock valued at $365,851,000 after acquiring an additional 7,493 shares during the period. Legal & General Group Plc raised its holdings in shares of Check Point Software Technologies by 3.4% during 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 acquiring an additional 52,863 shares during the period. Finally, Ariel Investments LLC raised its holdings 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 valued at $144,391,000 after acquiring an additional 593,623 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

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.