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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have received an average rating of “Hold” from the twenty-seven research firms that are covering the company, Marketbeat reports. Fifteen equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $234.18.

A number of brokerages have issued reports on CHKP. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Susquehanna upped their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Mizuho raised their price target on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Barclays lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th.

Check Point Software Technologies Trading Down 1.3 %

CHKP stock opened at $228.37 on Tuesday. The business’s fifty day moving average price is $217.58 and its 200 day moving average price is $198.54. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $234.36. The company has a market capitalization of $25.12 billion, a PE ratio of 30.57, a P/E/G ratio of 3.41 and a beta of 0.62.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently made changes to their positions in CHKP. Pathstone Holdings LLC lifted its stake in Check Point Software Technologies by 138.3% in the third quarter. Pathstone Holdings LLC now owns 19,232 shares of the technology company’s stock valued at $3,708,000 after buying an additional 11,160 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Check Point Software Technologies by 34.2% in the 3rd quarter. Cerity Partners LLC now owns 5,304 shares of the technology company’s stock valued at $1,023,000 after acquiring an additional 1,353 shares during the period. Kingsview Wealth Management LLC raised its position in Check Point Software Technologies by 9.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,834 shares of the technology company’s stock valued at $354,000 after purchasing an additional 152 shares during the last quarter. Larson Financial Group LLC boosted its stake in Check Point Software Technologies by 21.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,087 shares of the technology company’s stock worth $210,000 after purchasing an additional 192 shares during the period. Finally, Centaurus Financial Inc. grew its position in Check Point Software Technologies by 36.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,543 shares of the technology company’s stock worth $490,000 after purchasing an additional 678 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

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.