Check Point Software Technologies (NASDAQ:CHKP) Research Coverage Started at Stephens

Stephens initiated coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report report published on Tuesday, Marketbeat reports. The firm issued an equal weight rating and a $255.00 target price on the technology company’s stock.

CHKP has been the topic of several other reports. Wells Fargo & Company upgraded shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $200.00 to $280.00 in a research report on Friday, March 14th. Barclays raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Arete Research raised Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Finally, Stifel Nicolaus lifted their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.13.

Check Point Software Technologies Trading Down 1.7 %

Shares of CHKP stock opened at $224.02 on Tuesday. The stock’s 50-day moving average price is $220.36 and its 200-day moving average price is $199.48. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $234.36. The stock has a market capitalization of $24.64 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Institutional Investors Weigh In On Check Point Software Technologies

A number of institutional investors have recently modified their holdings of the business. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 4th quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Finally, Quarry LP increased its position in shares of Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company’s stock worth $38,000 after purchasing an additional 103 shares in the last quarter. 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.