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

Check Point Software Technologies (NASDAQ:CHKP) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also recently issued reports on the company. Evercore ISI lifted their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Citigroup lifted their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Morgan Stanley upped their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Twenty investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $216.95.

Check Point Software Technologies Price Performance

Shares of CHKP traded up $3.42 during mid-day trading on Tuesday, hitting $218.63. The company’s stock had a trading volume of 727,006 shares, compared to its average volume of 908,645. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.65. The firm has a 50-day moving average price of $199.35 and a 200 day moving average price of $192.67.

Institutional Investors Weigh In On Check Point Software Technologies

A number of large investors have recently bought and sold shares of CHKP. Nemes Rush Group LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $27,000. GAMMA Investing LLC increased its holdings in shares of 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 during the period. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter valued at about $35,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $35,000. 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.