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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has earned an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the firm, MarketBeat.com reports. Seventeen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $224.86.

Several equities analysts recently commented on CHKP shares. Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Scotiabank increased their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st.

Check Point Software Technologies Stock Performance

CHKP stock opened at $221.22 on Friday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02. The firm’s fifty day moving average is $202.66 and its 200 day moving average is $193.95. The firm has a market cap of $24.33 billion, a P/E ratio of 29.61, a P/E/G ratio of 3.41 and a beta of 0.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH bought a new stake in Check Point Software Technologies during the 4th quarter valued at about $1,373,000. Menard Financial Group LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at about $41,000. Brucke Financial Inc. bought a new stake in Check Point Software Technologies during the 4th quarter valued at about $214,000. Bernard Wealth Management Corp. bought a new stake in Check Point Software Technologies during the 4th quarter valued at about $76,000. Finally, Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at about $29,000. 98.51% of the stock is 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.