Check Point Software Technologies (NASDAQ:CHKP)‘s stock had its “negative” rating reiterated by research analysts at OTR Global in a research note issued on Monday, BenzingaRatingsTable reports.
A number of other research analysts have also weighed in on the company. BidaskClub raised Check Point Software Technologies from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th. Evercore ISI set a $105.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a report on Wednesday, July 24th. Bank of America lowered Check Point Software Technologies from a “buy” rating to an “underperform” rating and cut their price objective for the company from $130.00 to $116.00 in a report on Thursday, September 19th. SunTrust Banks started coverage on Check Point Software Technologies in a report on Wednesday, October 2nd. They issued a “hold” rating and a $115.00 price objective on the stock. Finally, Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $114.00 price objective on the stock in a report on Monday, September 30th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $120.82.
Shares of CHKP stock opened at $108.90 on Monday. The stock’s 50-day simple moving average is $108.97 and its 200-day simple moving average is $114.61. The firm has a market capitalization of $16.94 billion, a PE ratio of 20.90, a P/E/G ratio of 2.38 and a beta of 0.78. Check Point Software Technologies has a fifty-two week low of $98.57 and a fifty-two week high of $132.76.
Several institutional investors and hedge funds have recently modified their holdings of CHKP. Schroder Investment Management Group boosted its position in Check Point Software Technologies by 24.8% during the second quarter. Schroder Investment Management Group now owns 2,390,128 shares of the technology company’s stock worth $276,323,000 after purchasing an additional 474,495 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Check Point Software Technologies during the second quarter worth approximately $30,769,000. Altshuler Shaham Ltd boosted its position in Check Point Software Technologies by 21.3% during the second quarter. Altshuler Shaham Ltd now owns 1,513,667 shares of the technology company’s stock worth $174,995,000 after purchasing an additional 265,646 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Check Point Software Technologies during the second quarter worth approximately $29,645,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Check Point Software Technologies by 205.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 349,521 shares of the technology company’s stock worth $40,276,000 after purchasing an additional 235,278 shares in the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.
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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.
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