Check Point Software Technologies’ (CHKP) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $215.00 price target on the technology company’s stock.

CHKP has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI upped their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Susquehanna boosted their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Finally, Piper Sandler raised their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Eighteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $221.91.

Check Point Software Technologies Stock Down 1.9 %

Shares of NASDAQ CHKP opened at $216.69 on Thursday. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.41 and a beta of 0.65. The stock’s fifty day simple moving average is $200.74 and its 200 day simple moving average is $193.03.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHKP. Nemes Rush Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $27,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at $29,000. GAMMA Investing LLC raised its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth $35,000. 98.51% of the stock is owned by 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.