Wells Fargo Maintains a Hold Rating on Check Point

By Jason Carr

In a report issued on November 29, Gray Powell from Wells Fargo maintained a Hold rating on Check Point (NASDAQ: CHKP). The company’s shares closed yesterday at $82.33.

According to TipRanks.com, Powell is a 5-star analyst with an average return of 15.2% and a 61.5% success rate. Powell covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Endurance International, and Interxion Holding N.V.

Check Point has an analyst consensus of Moderate Buy, with a price target consensus of $93.

Check Point’s market cap is currently $14.12B and has a P/E ratio of 20.33. The company has a book value ratio of 4.0832.

Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. The company’s products include threat prevention, next generation firewalls, mobile security, and security management. Its solutions caters to the following: point of sale systems, automated teller machines, private and public cloud, telecommunications providers, The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.