Check Point Software Technologies (NASDAQ:CHKP) Raised to Buy at StockNews.com

Check Point Software Technologies (NASDAQ:CHKP) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other analysts have also recently issued research reports about the company. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. UBS Group increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $229.86.

Check Point Software Technologies Trading Down 0.5 %

CHKP opened at $227.97 on Friday. The company has a 50 day moving average of $213.13 and a 200 day moving average of $197.13. 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 cap of $25.07 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Institutional Trading of Check Point Software Technologies

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its position in shares of 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 worth $22,690,000 after purchasing an additional 470 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Check Point Software Technologies by 2.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,136 shares of the technology company’s stock valued at $959,000 after purchasing an additional 144 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in Check Point Software Technologies in the fourth quarter worth $3,756,000. Centaurus Financial Inc. lifted its position in Check Point Software Technologies by 48.5% during the fourth quarter. Centaurus Financial Inc. now owns 3,777 shares of the technology company’s stock valued at $705,000 after buying an additional 1,234 shares during the period. Finally, Capstone Triton Financial Group LLC lifted its position in Check Point Software Technologies by 1.3% during the fourth quarter. Capstone Triton Financial Group LLC now owns 10,863 shares of the technology company’s stock valued at $2,028,000 after buying an additional 138 shares during the period. 98.51% 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.