Check Point Software Technologies (NASDAQ:CHKP) Now Covered by Morgan Stanley

Morgan Stanley started coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report report published on Tuesday morning, Marketbeat reports. The firm issued an equal weight rating and a $235.00 price target on the technology company’s stock.

CHKP has been the subject of several other reports. StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Barclays raised 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 report on Thursday, January 30th. Eighteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $229.75 on Tuesday. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.41 and a beta of 0.62. The company has a 50-day moving average of $210.35 and a two-hundred day moving average of $196.37. Check Point Software Technologies has a one year low of $145.75 and a one year high of $231.58.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System grew its stake in shares of Check Point Software Technologies by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 121,530 shares of the technology company’s stock valued at $22,690,000 after purchasing an additional 470 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Check Point Software Technologies by 2.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,136 shares of the technology company’s stock valued at $959,000 after purchasing an additional 144 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $3,756,000. Centaurus Financial Inc. boosted its holdings in shares of Check Point Software Technologies by 48.5% in the 4th quarter. Centaurus Financial Inc. now owns 3,777 shares of the technology company’s stock worth $705,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Capstone Triton Financial Group LLC boosted its holdings in shares of Check Point Software Technologies by 1.3% in the 4th quarter. Capstone Triton Financial Group LLC now owns 10,863 shares of the technology company’s stock worth $2,028,000 after acquiring an additional 138 shares in the last quarter. 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.