Check Point Software Technologies (NASDAQ:CHKP) Research Coverage Started at Morgan Stanley

Morgan Stanley began coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $235.00 target price on the technology company’s stock.

Several other research firms have also recently commented on CHKP. Stifel Nicolaus boosted their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Citigroup boosted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. BMO Capital Markets lifted 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. Barclays upped their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Eighteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $229.86.

Check Point Software Technologies Price Performance

CHKP opened at $229.14 on Tuesday. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $232.37. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 3.41 and a beta of 0.62. The business has a fifty day moving average price of $212.21 and a 200 day moving average price of $196.84.

Institutional Trading of Check Point Software Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in Check Point Software Technologies by 32.2% during the 3rd 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 period. Truist Financial Corp lifted its position in Check Point Software Technologies by 2.6% during 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 period. 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 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after acquiring an additional 3,655 shares during the period. Finally, Hickory Asset Management Inc. acquired a new stake in Check Point Software Technologies during the 4th quarter worth approximately $476,000. 98.51% of the stock is owned by institutional investors and hedge funds.

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.