Robert W. Baird Upgrades Check Point Software Technologies (NASDAQ:CHKP) to Outperform

Robert W. Baird upgraded shares of Check Point Software Technologies (NASDAQ:CHKP - Free Report) from a neutral rating to an outperform rating in a research note released on Thursday morning, Marketbeat Ratings reports. They currently have $255.00 target price on the technology company's stock, up from their previous target price of $235.00.

A number of other equities research analysts have also weighed in on CHKP. Piper Sandler boosted their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Royal Bank of Canada boosted their price target on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. Guggenheim reaffirmed a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Finally, Morgan Stanley increased their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Eighteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $224.86.

Check Point Software Technologies Stock Up 0.4 %

Shares of NASDAQ CHKP traded up $0.83 during trading hours on Thursday, reaching $221.09. 886,910 shares of the stock traded hands, compared to its average volume of 913,466. The company's 50-day simple moving average is $201.38 and its two-hundred day simple moving average is $193.45. The company has a market capitalization of $24.32 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CHKP. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the third quarter worth $27,000. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at $29,000. GAMMA Investing LLC boosted its holdings 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 valued at $32,000 after buying an additional 60 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

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.