Short Interest Buzzer: Check Point Software Tech Limited (NASDAQ:CHKP) Stock Is Shorted More

November 29, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Buzzer: Check Point Software Tech Limited (NASDAQ:CHKP) Stock Is Shorted More

The stock of Check Point Software Tech Limited (NASDAQ:CHKP) registered an increase of 1.55% in short interest. CHKP’s total short interest was 9.61M shares in November as published by FINRA. Its up 1.55% from 9.46 million shares, reported previously. With 1.45 million shares average volume, it will take short sellers 7 days to cover their CHKP’s short positions. The short interest to Check Point Software Tech Limited’s float is 7.7%. About 356,893 shares traded hands. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 1.55% since April 26, 2016 and is downtrending. It has underperformed by 6.81% the S&P500.

Check Point Software Technologies Ltd. develops, markets and supports a range of services and products for information technology (IT) security. The company has a market cap of $14.17 billion. The Company’s services and products are sold to enterprises, service providers, small and medium sized businesses and consumers. It has a 20.61 P/E ratio. 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.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Coverage

Out of 16 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 2 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 13% are positive. Check Point Software Technologies Ltd. has been the topic of 20 analyst reports since September 10, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, January 6. Barclays Capital has “Underweight” rating and $83 price target. The stock has “Overweight” rating given by PiperJaffray on Wednesday, September 28. The rating was initiated by BTIG Research on Thursday, September 10 with “Neutral”. As per Monday, January 4, the company rating was downgraded by Wells Fargo. The rating was maintained by Wells Fargo on Thursday, September 17 with “Outperform”. OTR GLobal downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Monday, July 11 to “Mixed” rating. The rating was initiated by Goldman Sachs with “Neutral” on Monday, March 21. The company was reinitiated on Tuesday, September 13 by Wunderlich. The rating was initiated by Bernstein with “Underperform” on Friday, March 11. The rating was initiated by Guggenheim on Thursday, September 15 with “Neutral”.

CHKP Company Profile

Check Point Software Technologies Ltd. (Check point), incorporated in July 5, 1993, develops, markets and supports a range of services and products for information technology (IT) security. The Company’s services and products 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.

Another recent and important Check Point Software Technologies Ltd. (NASDAQ:CHKP) news was published by Fool.com which published an article titled: “Check Point Software Technologies Ltd: 3 Things You Need to Know” on November 21, 2016.

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By kentuckypostne


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