Check Point Software Technologies (NASDAQ:CHKP) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning,Benzinga reports. BMO Capital Markets currently has $275.00 price objective on the technology company’s stock, up from their previous price objective of $245.00.

Several other analysts have also commented on CHKP. Stifel Nicolaus increased their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Scotiabank boosted their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $200.00 to $280.00 in a research report on Friday, March 14th. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $234.18.

Check Point Software Technologies Trading Down 1.3 %

Shares of NASDAQ CHKP opened at $228.37 on Friday. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $234.36. The firm has a 50-day moving average of $217.58 and a two-hundred day moving average of $198.48. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.41 and a beta of 0.62.

Institutional Trading of Check Point Software Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 20,866 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after buying an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Check Point Software Technologies by 99.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock valued at $928,000 after acquiring an additional 2,478 shares during the period. MML Investors Services LLC grew its holdings in Check Point Software Technologies by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after buying an additional 3,655 shares during the last quarter. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $476,000. 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.