Check Point Software Technologies’ (CHKP) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note released on Thursday morning,Benzinga reports.

A number of other research firms have also recently commented on CHKP. BMO Capital Markets raised their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Piper Sandler boosted their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. UBS Group upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Finally, Mizuho upped their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $221.91.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $216.69 on Thursday. Check Point Software Technologies has a one year low of $145.75 and a one year high of $226.02. The company’s fifty day moving average price is $200.74 and its 200-day moving average price is $193.03. The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.41 and a beta of 0.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $25,000. FSA Wealth Management LLC bought a new position in Check Point Software Technologies during the 3rd quarter valued at about $27,000. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth about $29,000. GAMMA Investing LLC raised its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth about $35,000. 98.51% of the stock is owned by hedge funds and other 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.