Analysts Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) PT at $221.91

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been given an average recommendation of “Hold” by the twenty-seven research firms that are presently covering the stock, MarketBeat.com reports. Seventeen investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $224.86.

CHKP has been the subject of a number of research analyst reports. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $235.00 to $255.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $221.00 to $255.00 in a research note on Wednesday, February 26th. Scotiabank lifted their price target on shares of 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. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Finally, Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th.

Check Point Software Technologies Stock Up 0.1 %

Shares of CHKP stock opened at $221.22 on Friday. The company has a 50 day moving average price of $202.66 and a 200-day moving average price of $193.95. 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 $24.33 billion, a PE ratio of 29.61, a P/E/G ratio of 3.41 and a beta of 0.65.

Institutional Investors Weigh In On Check Point Software Technologies

Several large investors have recently made changes to their positions in CHKP. Norges Bank bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $428,820,000. Clearbridge Investments LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth about $100,456,000. Causeway Capital Management LLC grew its position in Check Point Software Technologies by 33.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company’s stock worth $360,257,000 after acquiring an additional 487,823 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in Check Point Software Technologies in the fourth quarter worth about $73,186,000. 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.