Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Update

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,430,000 shares, an increase of 6.9% from the January 15th total of 3,210,000 shares. Based on an average daily trading volume, of 740,200 shares, the short-interest ratio is currently 4.6 days. Approximately 4.0% of the company's stock are sold short.

Check Point Software Technologies Trading Down 1.0 %

Shares of Check Point Software Technologies stock traded down $2.25 on Friday, reaching $216.80. 1,270,519 shares of the stock were exchanged, compared to its average volume of 914,943. The firm has a market capitalization of $23.84 billion, a PE ratio of 29.02, a PEG ratio of 3.48 and a beta of 0.65. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $226.02. The business has a fifty day moving average price of $197.65 and a two-hundred day moving average price of $191.65.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Piper Sandler upped their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a report on Monday, January 6th. BMO Capital Markets raised their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Barclays boosted their price objective on shares of 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. Finally, Stifel Nicolaus increased their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has an average rating of "Hold" and a consensus price target of $215.59.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $27,000. GAMMA Investing LLC grew its stake in shares of Check Point Software Technologies by 53.1% during the 4th 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 purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. 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.