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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given a consensus rating of “Hold” by the twenty-five brokerages that are covering the firm, Marketbeat reports. Nineteen research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $215.59.

CHKP has been the topic of a number of recent analyst reports. Mizuho increased their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Stifel Nicolaus raised their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. UBS Group upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Finally, Robert W. Baird dropped their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $212.24 on Monday. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $226.02. The firm has a 50 day simple moving average of $191.83 and a 200-day simple moving average of $189.34. The firm has a market cap of $23.34 billion, a PE ratio of 28.41, a P/E/G ratio of 3.31 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies in the third quarter valued at $33,000. GAMMA Investing LLC boosted 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 during the last quarter. Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth $35,000. Finally, Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

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.