Check Point Software Technologies (NASDAQ:CHKP) Rating Lowered to Hold at StockNews.com

Check Point Software Technologies (NASDAQ:CHKP) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also commented on CHKP. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a report on Monday, January 27th. Susquehanna boosted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Arete Research raised shares of Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. UBS Group upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Morgan Stanley upped their target price on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $224.86.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $217.99 on Thursday. The firm has a market cap of $23.98 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company has a 50 day moving average price of $206.90 and a 200-day moving average price of $195.36. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $230.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $25,000. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies in the third quarter valued at about $27,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $29,000. GAMMA Investing LLC lifted its position in 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 buying an additional 60 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000. Institutional investors and hedge funds 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.