Check Point Software Technologies (NASDAQ:CHKP) Upgraded at StockNews.com

StockNews.com upgraded shares of Check Point Software Technologies (NASDAQ:CHKP - Free Report) from a hold rating to a buy rating in a report published on Friday.

A number of other equities research analysts also recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Citigroup increased their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Scotiabank boosted their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. The Goldman Sachs Group cut shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Seventeen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of "Hold" and a consensus price target of $229.86.

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Check Point Software Technologies Stock Up 1.2 %

Shares of Check Point Software Technologies stock traded up $2.73 on Friday, reaching $230.78. The company's stock had a trading volume of 81,188 shares, compared to its average volume of 711,063. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $232.37. The firm's fifty day simple moving average is $214.04 and its two-hundred day simple moving average is $197.46. The company has a market capitalization of $25.38 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 3.41 and a beta of 0.62.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently modified their holdings of the company. Bank of Montreal Can grew its stake in shares of Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after acquiring an additional 20,866 shares during the last quarter. Truist Financial Corp raised its stake in Check Point Software Technologies by 2.6% in the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after acquiring an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock worth $928,000 after acquiring an additional 2,478 shares during the period. MML Investors Services LLC lifted its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock valued at $19,957,000 after purchasing an additional 3,655 shares during the period. Finally, Hickory Asset Management Inc. acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $476,000. 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.