Check Point Software Technologies (NASDAQ:CHKP) Raised to “Strong-Buy” at Baird R W

Check Point Software Technologies (NASDAQ:CHKP) was upgraded by equities research analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other brokerages have also commented on CHKP. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday. Mizuho lifted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $235.00 to $255.00 in a report on Thursday. Finally, Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Eighteen 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $221.91.

Check Point Software Technologies Trading Down 1.9 %

Check Point Software Technologies stock opened at $216.69 on Thursday. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $226.02. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.41 and a beta of 0.65. The stock has a fifty day simple moving average of $200.74 and a two-hundred day simple moving average of $193.03.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently made changes to their positions in CHKP. Private Advisor Group LLC grew its position in shares of Check Point Software Technologies by 6.1% during the third quarter. Private Advisor Group LLC now owns 2,108 shares of the technology company’s stock worth $406,000 after purchasing an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Check Point Software Technologies by 115.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,992 shares of the technology company’s stock valued at $963,000 after buying an additional 2,674 shares during the last quarter. abrdn plc boosted its stake in Check Point Software Technologies by 40.5% during the third quarter. abrdn plc now owns 18,460 shares of the technology company’s stock valued at $3,559,000 after buying an additional 5,321 shares during the last quarter. Integrated Advisors Network LLC bought a new position in Check Point Software Technologies during the third quarter valued at approximately $210,000. Finally, Principal Securities Inc. boosted its stake in Check Point Software Technologies by 6.8% during the third quarter. Principal Securities Inc. now owns 28,352 shares of the technology company’s stock valued at $5,467,000 after buying an additional 1,810 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

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.