Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Average Rating of "Hold" from Analysts

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has been given a consensus recommendation of "Hold" by the twenty-five brokerages that are currently covering the firm, MarketBeat.com reports. Nineteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $215.27.

CHKP has been the topic of several research analyst reports. Barclays boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday. 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. BMO Capital Markets boosted their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Truist Financial reiterated a "buy" rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research note on Friday.

Hedge Funds Weigh In On Check Point Software Technologies

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

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $218.02 on Monday. The company's fifty day simple moving average is $188.67 and its 200-day simple moving average is $187.85. The stock has a market capitalization of $23.98 billion, a PE ratio of 29.78, a P/E/G ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year 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.

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