Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Rating of “Hold” by Brokerages

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have received an average recommendation of “Hold” from the twenty-seven research firms that are currently covering the company, MarketBeat reports. Seventeen investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $229.86.

Several equities analysts recently issued reports on CHKP shares. Mizuho boosted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. BMO Capital Markets boosted their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Citigroup increased their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, Susquehanna boosted their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st.

Check Point Software Technologies Trading Up 0.0 %

CHKP stock opened at $228.05 on Tuesday. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $232.37. The business’s 50-day moving average price is $214.04 and its two-hundred day moving average price is $197.46. The firm has a market cap of $25.08 billion, a PE ratio of 30.53, a P/E/G ratio of 3.41 and a beta of 0.62.

Institutional Trading of Check Point Software Technologies

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