Check Point Software Technologies' (CHKP) "Sector Perform" Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Check Point Software Technologies (NASDAQ:CHKP - Free Report) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $215.00 target price on the technology company's stock.

Several other research firms have also recently weighed in on CHKP. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Stifel Nicolaus boosted their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a report on Friday, January 31st. Evercore ISI upped their price objective on 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. UBS Group lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their price target on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Eighteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and an average target price of $224.86.

Check Point Software Technologies Trading Up 0.4 %

Shares of NASDAQ CHKP traded up $0.83 during mid-day trading on Thursday, reaching $221.09. 895,898 shares of the company's stock were exchanged, compared to its average volume of 913,692. The business has a fifty day simple moving average of $201.38 and a 200 day simple moving average of $193.45. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $226.02. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 3.41 and a beta of 0.65.

Institutional Investors Weigh In On Check Point Software Technologies

Several hedge funds have recently added to or reduced their stakes in CHKP. Menard Financial Group LLC acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at $41,000. Brucke Financial Inc. acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $214,000. Bernard Wealth Management Corp. acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $76,000. Capital A Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at about $29,000. Finally, Mackenzie Financial Corp lifted its position in Check Point Software Technologies by 2.5% during the fourth quarter. Mackenzie Financial Corp now owns 20,730 shares of the technology company's stock worth $3,870,000 after acquiring an additional 506 shares during the last quarter. 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.