Check Point Software Technologies (NASDAQ:CHKP) Upgraded to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from an equal weight rating to an overweight rating in a research note published on Friday, Marketbeat.com reports. They currently have $280.00 price objective on the technology company’s stock, up from their prior price objective of $200.00.

A number of other analysts have also recently issued reports on CHKP. 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. Scotiabank upped their price target on 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. Barclays upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Truist Financial reiterated a “buy” rating and issued a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Eighteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $227.26.

Check Point Software Technologies Trading Up 4.6 %

CHKP opened at $224.84 on Friday. The stock has a market cap of $24.73 billion, a PE ratio of 30.10, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $230.65. The stock’s 50 day simple moving average is $208.38 and its 200-day simple moving average is $195.74.

Hedge Funds Weigh In On Check Point Software Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. Gitterman Wealth Management LLC lifted its stake in Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after buying an additional 48 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock valued at $578,000 after buying an additional 52 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after buying an additional 56 shares during the period. Regatta Capital Group LLC lifted its stake in Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after buying an additional 57 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds 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.