Check Point Software Technologies (NASDAQ:CHKP) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a neutral rating to an overweight rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. They currently have $255.00 target price on the technology company’s stock, up from their previous target price of $221.00.

CHKP has been the subject of a number of other reports. Susquehanna raised their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. BMO Capital Markets raised their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Scotiabank raised their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Barclays raised their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Citigroup raised their price target 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. Eighteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $221.91.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $220.26 on Wednesday. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $226.02. The firm has a market capitalization of $24.22 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.41 and a beta of 0.65. The stock has a 50 day moving average price of $201.38 and a 200 day moving average price of $193.31.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Nemes Rush Group LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth $25,000. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies during the 3rd quarter worth $27,000. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth $29,000. GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth $35,000. 98.51% of the stock is 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.