Check Point Software Technologies (NASDAQ:CHKP) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from an equal weight rating to an overweight rating in a research report sent to investors on Friday morning, MarketBeat.com reports. They currently have $280.00 price objective on the technology company’s stock, up from their prior price objective of $200.00.

Other analysts have also issued research reports about the stock. Susquehanna lifted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. UBS Group upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley upped their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Finally, Scotiabank upped 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. Eighteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $227.26.

Check Point Software Technologies Trading Up 4.6 %

Shares of NASDAQ:CHKP opened at $224.84 on Friday. The company has a fifty day simple moving average of $208.38 and a 200 day simple moving average of $195.84. The firm has a market cap of $24.73 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $230.65.

Hedge Funds Weigh In On Check Point Software Technologies

Large investors have recently made changes to their positions in the business. Bank of Montreal Can increased its holdings in Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the last quarter. Truist Financial Corp boosted its position in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after acquiring an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in Check Point Software Technologies by 99.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after purchasing an additional 2,478 shares during the period. MML Investors Services LLC lifted its position in Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after purchasing an additional 3,655 shares during the period. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies in the fourth quarter worth $476,000. Institutional investors and hedge funds 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.