Check Point Software Technologies (NASDAQ:CHKP) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a neutral rating to an outperform rating in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has $255.00 price objective on the technology company’s stock, up from their previous price objective of $235.00.

CHKP has been the subject of several other reports. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Piper Sandler upped their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Finally, Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $221.91.

Check Point Software Technologies Stock Up 1.6 %

Shares of Check Point Software Technologies stock opened at $220.26 on Thursday. The firm has a market cap of $24.22 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. The business has a fifty day simple moving average of $201.38 and a 200-day simple moving average of $193.38. Check Point Software Technologies has a fifty-two week low of $145.75 and a fifty-two week high of $226.02.

Institutional Trading of Check Point Software Technologies

Several large investors have recently made changes to their positions in the stock. Gitterman Wealth Management LLC boosted its stake in shares of Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after acquiring an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Check Point Software Technologies by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after acquiring an additional 52 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in shares of Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares in the last quarter. Regatta Capital Group LLC boosted its stake in shares of Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after acquiring an additional 57 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after purchasing an additional 57 shares during the period. Institutional investors 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.