Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Rating of "Hold" by Brokerages

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have received an average recommendation of "Hold" from the twenty-seven research firms that are presently covering the company, Marketbeat Ratings reports. Seventeen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $229.86.

Several equities analysts have issued reports on CHKP shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their target price for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Morgan Stanley assumed coverage on shares of Check Point Software Technologies in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $235.00 price target on the stock. Finally, Barclays raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th.

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Check Point Software Technologies Stock Up 1.1 %

CHKP stock traded up $2.53 during trading on Tuesday, hitting $230.58. 545,607 shares of the company's stock traded hands, compared to its average volume of 711,063. The firm has a market capitalization of $25.36 billion, a P/E ratio of 30.87, a PEG 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 $232.37. The business has a fifty day simple moving average of $214.04 and a two-hundred day simple moving average of $197.46.

Institutional Investors Weigh In On Check Point Software Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHKP. Gitterman Wealth Management LLC raised its position in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock valued at $286,000 after purchasing an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Check Point Software Technologies by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock worth $578,000 after buying an additional 52 shares during the period. Argonautica Private Wealth Management Inc. raised its holdings 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 acquiring an additional 56 shares in the last quarter. Regatta Capital Group LLC grew its holdings in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after acquiring an additional 57 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

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.