Check Point Software Technologies (NASDAQ:CHKP) Stock Rating Upgraded by Stephens

Check Point Software Technologies (NASDAQ:CHKP) was upgraded by stock analysts at Stephens to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on CHKP. Susquehanna increased their target price 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. Citigroup increased their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Finally, UBS Group boosted 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. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.09.

Check Point Software Technologies Stock Up 1.3 %

CHKP opened at $230.84 on Monday. The company has a market cap of $25.39 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a 50-day moving average price of $219.14 and a 200 day moving average price of $199.11.

Institutional Investors Weigh In On Check Point Software Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in CHKP. Gitterman Wealth Management LLC increased its holdings in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after purchasing an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock valued at $578,000 after buying an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Check Point Software Technologies by 19.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock valued at $77,000 after buying an additional 55 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares in the last quarter. Finally, Regatta Capital Group LLC boosted its holdings in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after acquiring an additional 57 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

About Check Point Software Technologies

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.