StockNews.com cut shares of Check Point Software Technologies (NASDAQ:CHKP – Free Report) from a buy rating to a hold rating in a report published on Thursday morning.
A number of other equities research analysts have also commented on CHKP. UBS Group raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Scotiabank lifted their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Susquehanna boosted their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Truist Financial restated a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Eighteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $227.26.
Check Out Our Latest Research Report on CHKP
Check Point Software Technologies Stock Up 4.6 %
Hedge Funds Weigh In On Check Point Software Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in CHKP. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $25,000. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $27,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $29,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% during 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 in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $35,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.
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.
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