Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Consensus Recommendation of “Hold” from Brokerages

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has received a consensus rating of “Hold” from the twenty-five research firms that are currently covering the firm, Marketbeat reports. Nineteen equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $215.27.

A number of research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Barclays boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Piper Sandler boosted their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Finally, Mizuho boosted their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $218.02 on Monday. The stock has a market capitalization of $23.98 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.63. The company has a 50 day moving average price of $188.67 and a 200 day moving average price of $187.85. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after buying an additional 464,821 shares during the last quarter. World Investment Advisors LLC acquired a new position in Check Point Software Technologies in the third quarter worth $51,922,000. FMR LLC boosted its holdings in Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after purchasing an additional 103,388 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

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.