Check Point Software Technologies (NASDAQ:CHKP – Get Rating) had its target price cut by Barclays from $145.00 to $140.00 in a report issued on Tuesday, The Fly reports. They currently have an equal weight rating on the technology company’s stock.
Several other brokerages have also weighed in on CHKP. Credit Suisse Group upped their target price on Check Point Software Technologies from $105.00 to $115.00 in a research report on Thursday, April 28th. Royal Bank of Canada raised their price target on Check Point Software Technologies from $139.00 to $145.00 and gave the company a sector perform rating in a report on Monday, April 25th. Piper Sandler dropped their price target on Check Point Software Technologies from $130.00 to $120.00 in a report on Wednesday, July 13th. Wells Fargo & Company decreased their price objective on Check Point Software Technologies from $144.00 to $130.00 in a research note on Thursday, April 28th. Finally, Bank of America raised Check Point Software Technologies from an underperform rating to a buy rating and lifted their price objective for the stock from $130.00 to $140.00 in a research note on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $138.00.
Check Point Software Technologies Trading Up 0.4 %
Shares of NASDAQ CHKP opened at $119.31 on Tuesday. Check Point Software Technologies has a twelve month low of $107.85 and a twelve month high of $149.62. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.60 and a beta of 0.60. The business has a 50 day simple moving average of $123.53 and a 200-day simple moving average of $129.27.
Institutional Investors Weigh In On Check Point Software Technologies
Institutional investors have recently made changes to their positions in the company. Tcwp LLC bought a new position in Check Point Software Technologies in the first quarter worth approximately $26,000. AdvisorNet Financial Inc increased its holdings in Check Point Software Technologies by 107.0% in the 1st quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. MV Capital Management Inc. bought a new stake in Check Point Software Technologies in the 1st quarter valued at $45,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth $49,000. Finally, West Bancorporation Inc. purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth $66,000. Hedge funds and other institutional investors own 91.96% 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 portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
- Get a free copy of the StockNews.com research report on Check Point Software Technologies (CHKP)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.