J P Morgan Chase & Co downgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from an overweight rating to a neutral rating in a research report released on Tuesday morning, MarketBeat reports. They currently have $121.00 price objective on the technology company’s stock.
Other equities research analysts have also recently issued reports about the stock. Northland Securities restated a hold rating and set a $120.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, September 28th. Royal Bank of Canada cut their price objective on shares of Check Point Software Technologies from $120.00 to $115.00 and set a sector perform rating on the stock in a research note on Wednesday, November 1st. UBS lifted their price objective on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the company a neutral rating in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $108.00 price objective on shares of Check Point Software Technologies and gave the company a hold rating in a research note on Friday, October 6th. Finally, BTIG Research cut shares of Check Point Software Technologies from a buy rating to a neutral rating in a research note on Wednesday, November 1st. Twenty analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $113.60.
Shares of Check Point Software Technologies (NASDAQ CHKP) traded down $0.13 during midday trading on Tuesday, hitting $106.30. 1,153,500 shares of the company were exchanged, compared to its average volume of 1,128,781. Check Point Software Technologies has a fifty-two week low of $84.00 and a fifty-two week high of $119.20. The company has a market capitalization of $17,395.23, a PE ratio of 22.41, a P/E/G ratio of 2.28 and a beta of 0.62.
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.
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