Check Point Software Technologies (NASDAQ:CHKP) Stock Rating Upgraded by JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a $255.00 price target on the technology company’s stock, up from their prior price target of $221.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.64% from the company’s current price.

Several other research firms also recently weighed in on CHKP. Robert W. Baird set a $235.00 target price on Check Point Software Technologies in a research report on Friday, January 31st. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. UBS Group increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus lifted their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $218.50.

Check Point Software Technologies Stock Up 1.6 %

Shares of NASDAQ:CHKP opened at $218.63 on Wednesday. The firm has a fifty day simple moving average of $199.35 and a two-hundred day simple moving average of $192.67. The stock has a market capitalization of $24.05 billion, a P/E ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $226.02.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently made changes to their positions in the business. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies in the fourth quarter valued at about $25,000. FSA Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC boosted 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 worth $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Finally, Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds 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.