Check Point Software Technologies’ (CHKP) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Check Point Software Technologies (NASDAQ:CHKP)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $215.00 target price on the technology company’s stock. Royal Bank of Canada’s target price indicates a potential downside of 1.92% from the company’s current price.

CHKP has been the subject of several other reports. Evercore ISI boosted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Piper Sandler lifted their target price on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a report on Monday, January 6th. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley boosted 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 note on Friday, January 31st. Finally, Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $235.00 to $255.00 in a report on Thursday. Eighteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $221.91.

Check Point Software Technologies Stock Down 0.8 %

Shares of NASDAQ CHKP traded down $1.70 during midday trading on Thursday, hitting $219.22. The stock had a trading volume of 355,704 shares, compared to its average volume of 890,731. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $226.02. The company has a market capitalization of $24.11 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 3.41 and a beta of 0.65. The company has a fifty day moving average price of $200.15 and a 200 day moving average price of $192.87.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $25,000. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the third quarter valued at about $27,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $29,000. GAMMA Investing LLC lifted its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $35,000. 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.