Check Point Software Technologies (NASDAQ:CHKP) Coverage Initiated at Morgan Stanley

Stock analysts at Morgan Stanley started coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set an “equal weight” rating and a $235.00 price target on the technology company’s stock. Morgan Stanley’s target price points to a potential upside of 2.03% from the company’s current price.

CHKP has been the topic of a number of other research reports. UBS Group increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Check Point Software Technologies in a research report on Thursday, February 27th. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Eighteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $229.86.

Check Point Software Technologies Stock Up 0.2 %

NASDAQ CHKP opened at $230.32 on Tuesday. The firm has a 50-day moving average price of $211.30 and a two-hundred day moving average price of $196.61. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $232.37. The company has a market capitalization of $25.33 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.41 and a beta of 0.62.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in Check Point Software Technologies by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 121,530 shares of the technology company’s stock valued at $22,690,000 after acquiring an additional 470 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Check Point Software Technologies by 2.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,136 shares of the technology company’s stock worth $959,000 after purchasing an additional 144 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $3,756,000. Centaurus Financial Inc. raised its position in Check Point Software Technologies by 48.5% during the 4th quarter. Centaurus Financial Inc. now owns 3,777 shares of the technology company’s stock worth $705,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Capstone Triton Financial Group LLC raised its position in Check Point Software Technologies by 1.3% during the 4th quarter. Capstone Triton Financial Group LLC now owns 10,863 shares of the technology company’s stock worth $2,028,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

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.