Guggenheim Reaffirms Neutral Rating for Check Point Software Technologies (NASDAQ:CHKP)

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at Guggenheim in a note issued to investors on Friday,Benzinga reports.

Several other equities research analysts have also recently weighed in on the stock. Evercore ISI upped their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price target on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a "hold" rating in a research report on Wednesday, December 18th. Citigroup boosted their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. BMO Capital Markets raised their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Finally, Morgan Stanley boosted their price target on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a report on Friday. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $215.59.

Check Point Software Technologies Price Performance

CHKP traded down $1.61 during trading on Friday, hitting $212.26. The stock had a trading volume of 1,294,566 shares, compared to its average volume of 867,255. The company has a 50 day moving average price of $189.28 and a 200-day moving average price of $188.26. Check Point Software Technologies has a one year low of $145.75 and a one year high of $226.02. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 3.41 and a beta of 0.65.

Institutional Trading of Check Point Software Technologies

Hedge funds have recently bought and sold shares of the business. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies during the third quarter worth about $33,000. GAMMA Investing LLC raised its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000. Finally, Concord Wealth Partners bought a new position in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $37,000. 98.51% of the stock is currently owned by 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.