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

Baird R W upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Morgan Stanley raised their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. UBS Group raised their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Citigroup raised their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday. Eighteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $221.91.

Check Point Software Technologies Price Performance

NASDAQ:CHKP 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 has a market cap of $23.83 billion, a PE ratio of 29.01, a P/E/G ratio of 3.41 and a beta of 0.65. The firm’s 50 day simple moving average is $200.74 and its 200 day simple moving average is $193.03.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $25,000. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $27,000. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at $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.