Mizuho Issues Positive Forecast for Check Point Software Technologies (NASDAQ:CHKP) Stock Price

Check Point Software Technologies (NASDAQ:CHKP) had its price target hoisted by Mizuho from $220.00 to $230.00 in a research report released on Wednesday,Benzinga reports. Mizuho currently has a neutral rating on the technology company’s stock.

A number of other analysts have also recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Truist Financial reissued a “buy” rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Barclays raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $221.00 to $255.00 in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $221.91.

Check Point Software Technologies Trading Up 1.6 %

CHKP stock opened at $220.26 on Wednesday. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $226.02. The company’s 50 day moving average is $201.38 and its two-hundred day moving average is $193.31. The stock has a market cap of $24.22 billion, a P/E ratio of 29.49, a PEG ratio of 3.41 and a beta of 0.65.

Institutional Investors Weigh In On Check Point Software Technologies

Several institutional investors have recently made changes to their positions in the stock. Gitterman Wealth Management LLC boosted its position in shares of Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Check Point Software Technologies by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after purchasing an additional 52 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its position in shares of 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 purchasing an additional 56 shares in the last quarter. Regatta Capital Group LLC boosted its position in shares of 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 purchasing an additional 57 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted 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 in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

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.