Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Up 8.3% in January

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,270,000 shares, a growth of 8.3% from the December 31st total of 3,020,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average trading volume of 736,700 shares, the days-to-cover ratio is currently 4.4 days.

Check Point Software Technologies Trading Down 0.1 %

Shares of NASDAQ CHKP traded down $0.20 during midday trading on Friday, reaching $212.24. 1,053,976 shares of the stock were exchanged, compared to its average volume of 897,991. The company has a market capitalization of $23.34 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.41 and a beta of 0.65. The stock has a 50 day moving average price of $191.22 and a 200-day moving average price of $188.92. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02.

Analyst Ratings Changes

A number of brokerages have commented on CHKP. 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. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Susquehanna increased their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group raised their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of "Hold" and a consensus price target of $215.59.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies during the third quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in shares of Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $33,000. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 4th quarter worth $35,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $35,000. Hedge funds and other institutional investors 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.