Check Point Software Technologies (NASDAQ:CHKP) Upgraded to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a neutral rating to an outperform rating in a research note published on Thursday morning, Marketbeat reports. Robert W. Baird currently has $255.00 target price on the technology company’s stock, up from their prior target price of $235.00.

A number of other brokerages have also commented on CHKP. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup boosted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Scotiabank boosted their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $221.00 to $255.00 in a research report on Wednesday. Eighteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $221.91.

Check Point Software Technologies Stock Down 1.9 %

Shares of CHKP stock opened at $216.69 on Thursday. The stock has a 50-day moving average price of $200.74 and a 200 day moving average price of $193.03. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $226.02.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors have recently bought and sold shares of the company. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at approximately $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.