Check Point Software Technologies (NASDAQ:CHKP) Upgraded to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning,Benzinga reports. BMO Capital Markets currently has $275.00 price objective on the technology company’s stock, up from their prior price objective of $245.00.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Citigroup lifted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Mizuho increased their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, Wells Fargo & Company upgraded Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $200.00 to $280.00 in a research note on Friday, March 14th. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $234.18.

Check Point Software Technologies Stock Down 1.3 %

NASDAQ CHKP opened at $228.37 on Friday. The stock has a market cap of $25.12 billion, a PE ratio of 30.57, a P/E/G ratio of 3.41 and a beta of 0.62. The business has a 50 day moving average price of $217.58 and a two-hundred day moving average price of $198.48. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $234.36.

Institutional Trading of Check Point Software Technologies

Several large investors have recently added to or reduced their stakes in the business. Gitterman Wealth Management LLC grew its stake in shares of Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after purchasing an additional 52 shares during the period. Argonautica Private Wealth Management Inc. increased its stake in Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after buying an additional 56 shares during the period. Regatta Capital Group LLC raised its position in shares of Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after buying an additional 57 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after acquiring an additional 57 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.