Check Point Software Technologies (NASDAQ:CHKP) Stock Rating Upgraded by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from an equal weight rating to an overweight rating in a research report sent to investors on Friday, MarketBeat.com reports. Wells Fargo & Company currently has $280.00 price target on the technology company’s stock, up from their prior price target of $200.00.

Other analysts have also issued reports about the company. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Morgan Stanley lifted 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. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Mizuho lifted their price objective on 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. Eighteen investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $227.26.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $224.84 on Friday. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $230.65. The firm has a market cap of $24.73 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a fifty day moving average of $208.38 and a 200-day moving average of $195.84.

Institutional Investors Weigh In On Check Point Software Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Gitterman Wealth Management LLC raised its position in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after buying an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock valued at $578,000 after buying an additional 52 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its position in Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after buying an additional 56 shares during the last quarter. Regatta Capital Group LLC raised its position in Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after buying an additional 57 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after purchasing an additional 57 shares during the last quarter. 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.