Check Point Software Technologies’ (CHKP) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note published on Friday,Benzinga reports.

CHKP has been the topic of a number of other reports. Royal Bank of Canada restated a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 24th. Citigroup boosted 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, Stifel Nicolaus raised their price objective on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $215.27.

Check Point Software Technologies Stock Performance

CHKP stock opened at $218.02 on Friday. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $226.02. The stock’s fifty day moving average is $188.67 and its two-hundred day moving average is $187.85. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 3.19 and a beta of 0.63.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds have recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the third quarter worth approximately $33,000. GAMMA Investing LLC boosted its stake in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $35,000. Finally, Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $37,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

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.