Check Point Software Technologies’ (CHKP) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note released on Thursday morning,Benzinga reports.

CHKP has been the topic of several other research reports. Morgan Stanley boosted their target price on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $235.00 to $255.00 in a report on Thursday. Jefferies Financial Group boosted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citigroup boosted their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Nineteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $221.91.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $220.26 on Thursday. 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 $24.22 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.41 and a beta of 0.65. The firm’s 50 day simple moving average is $201.38 and its two-hundred day simple moving average is $193.38.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Nemes Rush Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $25,000. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth about $27,000. Capital A Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $29,000. GAMMA Investing LLC grew its holdings in shares of 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 last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $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.