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

StockNews.com upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a hold rating to a buy rating in a report released on Wednesday.

A number of other equities analysts have also commented on CHKP. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $220.00 to $260.00 in a research report on Monday. Susquehanna lifted 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. Morgan Stanley increased their price target on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Mizuho raised their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Seventeen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $221.60 on Wednesday. The firm has a market capitalization of $24.37 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a 50 day simple moving average of $203.30 and a two-hundred day simple moving average of $194.14. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $226.02.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently bought and sold shares of the stock. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth $25,000. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at $27,000. Capital A Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $29,000. GAMMA Investing LLC raised its stake 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 last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth about $35,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.