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Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been upgraded to Hold in a report by Zacks Investment Research today.

Zacks Investment Research has upgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) to Hold in a report released on 9/27/2016.

Yesterday Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded 1.72% higher at $76.12. The company’s 50-day moving average is $75.93 and its 200-day moving average is $81.03. The last closing price is down -5.90% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 645,325 shares of the stock traded hands, down from an average trading volume of 1,673,400

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Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Check Point Software Technologies Ltd. has a 52 week low of $71.64 and a 52 week high of $89.98 with a P/E ratio of 19.57 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 24 brokers have issued a report on the company. The average stock price target is $87.46 with 8 brokers rating the stock a strong buy, 10 equity analysts rating the company a buy, eleven equity analysts rating the company a hold, three equity analysts rating the company a underperform, and lastly one equity analyst rating the company a sell.

Brief Synopsis About Check Point Software Technologies Ltd. (NASDAQ:CHKP)

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. The Company offers Software Blades grouped into functional packages to address specific security issues. It has product offerings under these packages, which include Next Generation Firewall, Next Generation Threat Prevention, Next Generation Secure Web Gateway and Next Generation Data Protection.

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