Check Point Software Technologies (NASDAQ:CHKP) was downgraded by equities researchers at Cleveland Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 price objective for the company. in a report on Tuesday, December 12th. BTIG Research cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price target on shares of Check Point Software Technologies in a research report on Friday, November 3rd. Jefferies Group reiterated a “buy” rating and issued a $126.00 price target on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $113.89.
Check Point Software Technologies (NASDAQ:CHKP) traded down $0.20 during mid-day trading on Thursday, reaching $105.14. 1,169,200 shares of the company’s stock traded hands, compared to its average volume of 1,280,713. Check Point Software Technologies has a 12-month low of $96.25 and a 12-month high of $119.20. The company has a market capitalization of $17,100.00, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.07 and a beta of 0.62.
Several institutional investors and hedge funds have recently modified their holdings of the company. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $100,000. Zions Bancorporation grew its stake in shares of Check Point Software Technologies by 3,700.0% in the 3rd quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock valued at $100,000 after buying an additional 851 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Check Point Software Technologies during the second quarter worth approximately $155,000. Archford Capital Strategies LLC boosted its position in Check Point Software Technologies by 22,512.5% during the second quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after purchasing an additional 1,801 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Check Point Software Technologies during the third quarter worth approximately $201,000. Institutional investors own 71.70% 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.
