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

StockNews.com upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a hold rating to a buy rating in a research note published on Friday.

Several other research analysts have also issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Susquehanna raised their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Mizuho lifted their price target on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Wells Fargo & Company raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Finally, Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Seventeen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $229.86.

Check Point Software Technologies Stock Down 0.5 %

Shares of CHKP opened at $227.97 on Friday. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $232.37. The stock has a market capitalization of $25.07 billion, a P/E ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62. The firm has a fifty day simple moving average of $213.13 and a two-hundred day simple moving average of $197.18.

Hedge Funds Weigh In On Check Point Software Technologies

A number of large investors have recently modified their holdings of CHKP. Nemes Rush Group LLC acquired a new stake in Check Point Software Technologies during the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies during the 3rd quarter valued at approximately $27,000. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at $29,000. GAMMA Investing LLC raised its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at $35,000. 98.51% of the stock is currently 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.