Check Point Software Technologies (NASDAQ:CHKP) had its price objective decreased by research analysts at JPMorgan Chase & Co. to $113.00 in a research note issued on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 9.27% from the company’s current price.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada dropped their price target on Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating on the stock 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. UBS Group boosted their price target on Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, BidaskClub cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company’s stock. Check Point Software Technologies has an average rating of “Hold” and an average target price of $113.51.
Shares of Check Point Software Technologies (NASDAQ:CHKP) traded down $1.00 on Wednesday, hitting $103.41. The stock had a trading volume of 4,836,825 shares, compared to its average volume of 1,617,487. Check Point Software Technologies has a 12-month low of $97.26 and a 12-month high of $119.20. The company has a market cap of $17,215.44, a PE ratio of 22.14, a P/E/G ratio of 2.07 and a beta of 0.62.
Hedge funds have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. bought a new position in Check Point Software Technologies in the 2nd quarter valued at approximately $100,000. Zions Bancorporation raised its stake in Check Point Software Technologies by 3,700.0% during 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 during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Check Point Software Technologies during the 2nd quarter valued at $155,000. Archford Capital Strategies LLC raised its stake in Check Point Software Technologies by 22,512.5% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock valued at $200,000 after buying an additional 1,801 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at $201,000. 71.59% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Trims Check Point Software Technologies (CHKP) Target Price to $113.00” was published by American Banking and Market News and is owned by of American Banking and Market News. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/31/jpmorgan-chase-co-trims-check-point-software-technologies-chkp-target-price-to-113-00.html.
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.
