Check Point Software Technologies’ (CHKP) “Buy” Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report released on Friday morning,Benzinga reports. They currently have a $250.00 target price on the technology company’s stock, up from their previous target price of $220.00.

A number of other equities research analysts also recently commented on the company. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Evercore ISI upped their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Robert W. Baird dropped their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Wedbush increased their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $215.27.

Check Point Software Technologies Stock Down 0.4 %

CHKP stock opened at $218.02 on Friday. The company has a market cap of $23.98 billion, a P/E ratio of 29.78, a PEG ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $226.02. The business has a fifty day moving average of $188.67 and a 200-day moving average of $187.85.

Institutional Trading of Check Point Software Technologies

Large investors have recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $27,000. GAMMA Investing LLC grew its holdings in shares of Check Point Software Technologies by 53.1% in 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 in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter worth $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.