Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Update

Check Point Software Technologies Ltd. (NASDAQ:CHKP) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 3,270,000 shares, an increase of 8.3% from the December 31st total of 3,020,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 736,700 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CHKP shares. Robert W. Baird lowered their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday. Royal Bank of Canada increased their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Jefferies Financial Group increased their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $213.87 on Tuesday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 3.41 and a beta of 0.65. The stock has a fifty day moving average of $188.67 and a 200-day moving average of $187.97.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of 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 valued at $16,532,000 after buying an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter valued at approximately $1,599,000. MML Investors Services LLC raised its holdings in Check Point Software Technologies by 3.7% during the 3rd 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 last quarter. Martin Investment Management LLC lifted its position in shares of Check Point Software Technologies by 2.0% in the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after purchasing an additional 3,225 shares during the period. Finally, Chevy Chase Trust Holdings LLC boosted its stake in shares of Check Point Software Technologies by 69.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after purchasing an additional 9,580 shares during the last quarter. 98.51% of the stock is currently owned by 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.