Check Point Software Technologies’ (CHKP) “Neutral” Rating Reiterated at Guggenheim

Guggenheim restated their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note issued to investors on Friday morning,Benzinga reports.

CHKP has been the topic of a number of other research reports. Barclays lifted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday. Scotiabank boosted their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday. Stifel Nicolaus boosted their target price on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Finally, Truist Financial boosted their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $215.27.

Check Point Software Technologies Stock Down 0.4 %

Shares of CHKP stock opened at $218.02 on Friday. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The firm’s 50 day moving average price is $188.67 and its two-hundred day moving average price is $187.85.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bleakley Financial Group LLC raised its holdings in Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after buying an additional 57 shares during the period. Regatta Capital Group LLC boosted its position in Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after acquiring an additional 57 shares during the period. GAMMA Investing LLC boosted its position 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 during the period. Finally, Strategic Investment Advisors MI raised its stake in shares of Check Point Software Technologies by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

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.