Check Point Software Technologies (NASDAQ:CHKP) Stock Rating Upgraded by StockNews.com

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

Several other research firms also recently commented on CHKP. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Morgan Stanley started coverage on shares of Check Point Software Technologies in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $235.00 target price for the company. UBS Group raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Stock Down 0.5 %

CHKP opened at $227.97 on Friday. The business has a 50 day moving average of $213.13 and a 200-day moving average of $197.13. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $232.37. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $25,000. FSA Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth about $27,000. Capital A Wealth Management LLC bought a new position in Check Point Software Technologies during the fourth quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth about $35,000. Hedge funds and other institutional investors 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.