Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have earned an average recommendation of “Hold” from the twenty-five research firms that are covering the firm, Marketbeat Ratings reports. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $215.59.

Several equities analysts have commented on CHKP shares. 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 company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Robert W. Baird dropped their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Susquehanna upped their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $212.24 on Monday. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $226.02. The stock has a market cap of $23.34 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.31 and a beta of 0.65. The stock has a 50-day simple moving average of $191.83 and a 200-day simple moving average of $189.34.

Hedge Funds Weigh In On Check Point Software Technologies

Large investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. increased its holdings in Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after buying an additional 177,104 shares in the last quarter. FMR LLC increased its stake in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after purchasing an additional 103,388 shares during the last quarter. Finally, Swedbank AB boosted its position in Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after purchasing an additional 4,760 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

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.