Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Average Rating of “Hold” from Brokerages

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned an average rating of “Hold” from the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. Nineteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $215.59.

Several research firms recently issued reports on CHKP. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Scotiabank boosted their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. BMO Capital Markets upped their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st.

Institutional Investors Weigh In On Check Point Software Technologies

Several large investors have recently made changes to their positions in the business. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies in the third quarter valued at approximately $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $33,000. GAMMA Investing LLC grew its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth approximately $35,000. Finally, Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the 3rd quarter worth $37,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 0.1 %

Shares of Check Point Software Technologies stock opened at $212.24 on Monday. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $226.02. The company has a market capitalization of $23.34 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 3.41 and a beta of 0.65. The firm’s 50-day moving average price is $191.22 and its two-hundred day moving average price is $188.92.

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.