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

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

A number of other research firms have also recently weighed in on CHKP. Scotiabank raised their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $220.00 to $260.00 in a research note on Monday. BMO Capital Markets lifted their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Mizuho upped their target price 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. Finally, Barclays lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Stock Up 0.8 %

NASDAQ CHKP opened at $223.48 on Wednesday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02. The firm has a 50 day moving average of $203.96 and a two-hundred day moving average of $194.35. The stock has a market capitalization of $24.58 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $25,000. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at $27,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter valued at $29,000. GAMMA Investing LLC increased its position in 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 position in Check Point Software Technologies in the 4th quarter valued at about $35,000. Hedge funds and other 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.