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 note issued to investors on Tuesday.

A number of other research firms also recently commented on CHKP. OTR Global downgraded Check Point Software Technologies to a “positive” rating in a report on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a report on Thursday, October 19th. BTIG Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. Northland Securities set a $120.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, Cowen downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating and set a $112.00 price objective on the stock. in a report on Wednesday, November 1st. Twenty research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $113.60.

Check Point Software Technologies (NASDAQ:CHKP) opened at $105.85 on Tuesday. Check Point Software Technologies has a 1-year low of $84.00 and a 1-year high of $119.20. The company has a market capitalization of $17,125.55, a PE ratio of 22.06, a PEG ratio of 2.25 and a beta of 0.62.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Check Point Software Technologies by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 306,857 shares of the technology company’s stock valued at $31,502,000 after buying an additional 20,909 shares during the period. IFP Advisors Inc lifted its holdings in shares of Check Point Software Technologies by 21.6% in the 2nd quarter. IFP Advisors Inc now owns 1,840 shares of the technology company’s stock valued at $201,000 after buying an additional 327 shares during the period. Global X Management Co. LLC lifted its holdings in shares of Check Point Software Technologies by 46.6% in the 2nd quarter. Global X Management Co. LLC now owns 3,778 shares of the technology company’s stock valued at $412,000 after buying an additional 1,201 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Check Point Software Technologies by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,406 shares of the technology company’s stock valued at $6,371,000 after buying an additional 4,607 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Check Point Software Technologies by 1.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,599 shares of the technology company’s stock valued at $2,138,000 after buying an additional 199 shares during the period. Institutional investors own 73.93% of the company’s stock.

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About Check Point Software Technologies

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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