Check Point Software Technologies’ (CHKP) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report published on Thursday,Benzinga reports. They currently have a $215.00 target price on the technology company’s stock.

Several other research analysts have also weighed in on CHKP. Susquehanna upped their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Citigroup boosted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. UBS Group boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. Nineteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $221.91.

Check Point Software Technologies Trading Up 1.6 %

NASDAQ:CHKP opened at $220.26 on Thursday. The firm has a market capitalization of $24.22 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $226.02. The business’s fifty day moving average price is $201.38 and its 200 day moving average price is $193.38.

Institutional Trading of Check Point Software Technologies

Several hedge funds have recently added to or reduced their stakes in CHKP. Norges Bank bought a new stake in Check Point Software Technologies during the 4th quarter valued at approximately $428,820,000. Clearbridge Investments LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at approximately $100,456,000. Causeway Capital Management LLC raised its holdings in Check Point Software Technologies by 33.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company’s stock valued at $360,257,000 after acquiring an additional 487,823 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in Check Point Software Technologies in the 4th quarter valued at approximately $73,186,000. Institutional investors own 98.51% of the company’s stock.

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.