Check Point Software Technologies Ltd. (NASDAQ:CHKP) has tumbled 3.85% during the past week and has dropped 2.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.7%. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has underperformed the index by 3.64% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Check Point Software Technologies Ltd. (NASDAQ:CHKP): The stock opened at $81.96 on Friday but the bulls could not build on the opening and the stock topped out at $82.00 for the day. The stock traded down to $80.79 during the day, due to lack of any buying support eventually closed down at $81.15 with a loss of -0.67% for the day. The stock had closed at $81.70 on the previous day. The total traded volume was 2,110,956 shares.
The company shares have dropped -3.32% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $89.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $83.56 and the 200 Day Moving Average price is recorded at $82.60.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank downgrades the rating on Check Point Software Technologies Ltd. (NASDAQ:CHKP). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $95 per share to $90 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 29% of Check Point Software Technologies Ltd. shares according to the proxy statements. Institutional Investors own 76.34% of Check Point Software Technologies Ltd. shares.
Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common 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 these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.