Check Point Software Technologies (CHKP) Rating Lowered to Neutral at J P Morgan Chase & Co

Check Point Software Technologies (NASDAQ:CHKP) was downgraded by investment analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report issued on Tuesday. They presently have a $121.00 price target on the technology company’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 13.69% from the stock’s current price.

Other equities analysts also recently issued reports about the company. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Cowen reiterated a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, September 8th. Oppenheimer reiterated a “buy” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research report on Monday, October 2nd. Jefferies Group reiterated a “buy” rating and set a $126.00 target price on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Finally, Stephens downgraded Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research report on Wednesday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $113.60.

Check Point Software Technologies (CHKP) opened at $106.43 on Tuesday. The firm has a market capitalization of $17,231.79, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.26 and a beta of 0.62. Check Point Software Technologies has a 52-week low of $84.00 and a 52-week high of $119.20.

Several large investors have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after acquiring an additional 20 shares during the last quarter. Baldwin Investment Management LLC increased its stake in Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after acquiring an additional 34 shares during the last quarter. Raymond James Trust N.A. increased its stake in Check Point Software Technologies by 0.9% during the second quarter. Raymond James Trust N.A. now owns 5,023 shares of the technology company’s stock worth $548,000 after acquiring an additional 47 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in Check Point Software Technologies by 0.3% during the second quarter. Stephens Investment Management Group LLC now owns 22,872 shares of the technology company’s stock worth $2,495,000 after acquiring an additional 62 shares during the last quarter. Finally, Summit Global Investments increased its stake in Check Point Software Technologies by 1.3% during the second quarter. Summit Global Investments now owns 5,660 shares of the technology company’s stock worth $617,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 73.93% of the company’s stock.

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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.

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

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