Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Up 6.9% in January

Check Point Software Technologies Ltd. (NASDAQ:CHKP) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 3,430,000 shares, an increase of 6.9% from the January 15th total of 3,210,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 740,200 shares, the short-interest ratio is presently 4.6 days.

Analysts Set New Price Targets

CHKP has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Citigroup boosted their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Evercore ISI boosted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird cut 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 note on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $215.59.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vise Technologies Inc. increased its stake in shares of Check Point Software Technologies by 62.4% in the 4th quarter. Vise Technologies Inc. now owns 2,251 shares of the technology company’s stock worth $420,000 after acquiring an additional 865 shares in the last quarter. Glen Eagle Advisors LLC increased its stake in shares of Check Point Software Technologies by 3.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 14,159 shares of the technology company’s stock worth $2,643,000 after acquiring an additional 418 shares in the last quarter. USS Investment Management Ltd increased its stake in shares of Check Point Software Technologies by 9.7% in the 4th quarter. USS Investment Management Ltd now owns 16,720 shares of the technology company’s stock worth $3,124,000 after acquiring an additional 1,472 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Check Point Software Technologies by 21.9% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 50,029 shares of the technology company’s stock worth $9,340,000 after acquiring an additional 8,994 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of Check Point Software Technologies in the 4th quarter worth about $15,163,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock traded down $1.63 during trading on Tuesday, hitting $220.46. The company’s stock had a trading volume of 976,741 shares, compared to its average volume of 900,808. The company has a fifty day simple moving average of $195.70 and a two-hundred day simple moving average of $190.96. The company has a market capitalization of $24.25 billion, a PE ratio of 29.51, a P/E/G ratio of 3.31 and a beta of 0.65. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02.

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.