Check Point Software Technologies (NASDAQ:CHKP) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a neutral rating to an overweight rating in a research note published on Monday morning, MarketBeat Ratings reports. Piper Sandler currently has $260.00 price objective on the technology company’s stock, up from their previous price objective of $220.00.

Several other research analysts have also issued reports on CHKP. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. 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. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. 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 report on Thursday, February 27th. Finally, Mizuho lifted their price target 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, February 26th. Seventeen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $224.86.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $221.60 on Monday. 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 capitalization of $24.37 billion, a PE ratio of 29.67, a P/E/G ratio of 3.41 and a beta of 0.62. The company’s 50 day simple moving average is $203.30 and its 200 day simple moving average is $194.14.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $25,000. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at $27,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $29,000. GAMMA Investing LLC lifted its stake in shares of Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

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.