Check Point Software Technologies (NASDAQ:CHKP) Rating Increased to Strong-Buy at Baird R W

Baird R W upgraded shares of Check Point Software Technologies (NASDAQ:CHKP - Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. BMO Capital Markets boosted their price target on 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. Bank of America lowered shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. 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 research report on Wednesday, February 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $224.86.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $0.04 during trading hours on Thursday, hitting $221.13. 792,646 shares of the stock were exchanged, compared to its average volume of 908,534. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $226.02. The company has a market cap of $24.32 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. The company's fifty day simple moving average is $202.03 and its two-hundred day simple moving average is $193.70.

Hedge Funds Weigh In On Check Point Software Technologies

Several large investors have recently bought and sold shares of the stock. Nemes Rush Group LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at about $25,000. FSA Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $27,000. Capital A Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 60 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth $35,000. 98.51% of the stock is currently owned by institutional investors.

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.