Check Point Software Technologies Ltd. (CHKP) Earns Neutral Rating from Credit Suisse Group

Credit Suisse Group reissued their neutral rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research report report published on Wednesday, November 1st, The Fly reports. The brokerage currently has a $105.00 target price on the technology company’s stock, down from their prior target price of $110.00.

Several other research firms also recently weighed in on CHKP. OTR Global downgraded Check Point Software Technologies to a positive rating in a research report on Tuesday, October 17th. Jefferies Group LLC reissued a buy rating and set a $126.00 price target on shares of Check Point Software Technologies in a research report on Thursday, October 19th. BTIG Research downgraded Check Point Software Technologies from a buy rating to a neutral rating in a research report on Wednesday, November 1st. Northland Securities set a $120.00 price target on Check Point Software Technologies and gave the stock a hold rating in a research report on Wednesday, November 1st. Finally, Cowen and Company downgraded Check Point Software Technologies from an outperform rating to a market perform rating and set a $112.00 price target for the company. in a research report on Wednesday, November 1st. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $113.60.

Shares of Check Point Software Technologies (CHKP) opened at $102.98 on Wednesday. The company has a market capitalization of $16,950.00, a P/E ratio of 21.50, a PEG ratio of 2.19 and a beta of 0.67. Check Point Software Technologies has a 1-year low of $80.78 and a 1-year high of $119.20.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Westport Asset Management Inc. lifted its position in Check Point Software Technologies by 21.0% in the third quarter. Westport Asset Management Inc. now owns 17,300 shares of the technology company’s stock worth $1,887,000 after purchasing an additional 3,000 shares during the period. Neuberger Berman Group LLC lifted its position in Check Point Software Technologies by 10.2% in the third quarter. Neuberger Berman Group LLC now owns 1,655,376 shares of the technology company’s stock worth $188,746,000 after purchasing an additional 153,197 shares during the period. California Public Employees Retirement System lifted its position in Check Point Software Technologies by 3.1% in the third quarter. California Public Employees Retirement System now owns 377,943 shares of the technology company’s stock worth $43,093,000 after purchasing an additional 11,243 shares during the period. AlphaStar Capital Management LLC acquired a new stake in Check Point Software Technologies in the third quarter worth approximately $302,000. Finally, Cubist Systematic Strategies LLC lifted its position in Check Point Software Technologies by 51.5% in the third quarter. Cubist Systematic Strategies LLC now owns 5,253 shares of the technology company’s stock worth $599,000 after purchasing an additional 1,786 shares during the period. Institutional investors and hedge funds own 68.14% of the company’s stock.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

The Fly

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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