Check Point Software Technologies (NASDAQ:CHKP) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a market perform rating to an outperform rating in a research report released on Friday morning, MarketBeat reports. The firm currently has $275.00 price objective on the technology company’s stock, up from their previous price objective of $245.00.

A number of other research firms also recently commented on CHKP. StockNews.com raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Susquehanna lifted their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Morgan Stanley initiated coverage on Check Point Software Technologies in a research report on Tuesday, March 18th. They issued an “equal weight” rating and a $235.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $234.18.

Check Point Software Technologies Stock Down 1.3 %

Shares of CHKP opened at $228.37 on Friday. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $234.36. The stock has a 50 day moving average price of $217.58 and a 200 day moving average price of $198.60.

Institutional Investors Weigh In On Check Point Software Technologies

Several institutional investors have recently made changes to their positions in the stock. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $25,000. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies during the third quarter worth about $27,000. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $29,000. GAMMA Investing LLC lifted its position in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter valued at approximately $35,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

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.