Check Point Software Technologies (NASDAQ:CHKP) Now Covered by Morgan Stanley

Investment analysts at Morgan Stanley assumed coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set an “equal weight” rating and a $235.00 price target on the technology company’s stock. Morgan Stanley’s target price suggests a potential upside of 2.03% from the stock’s previous close.

CHKP has been the topic of a number of other research reports. Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Stifel Nicolaus raised their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Scotiabank lifted their target price 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. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Finally, Citigroup lifted their price objective on shares of 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. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $230.32 on Tuesday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $232.37. The firm’s fifty day moving average is $211.30 and its 200-day moving average is $196.61. The firm has a market cap of $25.33 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.41 and a beta of 0.62.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently added to or reduced their stakes in CHKP. Gitterman Wealth Management LLC increased its position in shares of Check Point Software Technologies by 3.2% during the fourth 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 period. TD Waterhouse Canada Inc. grew its stake in Check Point Software Technologies by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock valued at $578,000 after acquiring an additional 52 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its holdings in Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares during the period. Regatta Capital Group LLC increased its holdings in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after acquiring an additional 57 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in Check Point Software Technologies by 3.1% in 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 in the last quarter. Hedge funds and other institutional investors own 98.51% 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 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.