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Research analysts at Stifel Nicolaus assumed coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report released on Thursday. The firm set a “hold” rating on the stock.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 70.34 on Thursday. Check Point Software Technologies has a 52-week low of $55.08 and a 52-week high of $70.48. The stock has a 50-day moving average of $66.61 and a 200-day moving average of $66.37. The company has a market cap of $13.360 billion and a price-to-earnings ratio of 20.54.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.02. The company had revenue of $363.00 million for the quarter, compared to the consensus estimate of $359.37 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Check Point Software Technologies will post $3.66 EPS for the current fiscal year.

CHKP has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets raised their price target on shares of Check Point Software Technologies from $72.50 to $75.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Analysts at Goldman Sachs initiated coverage on shares of Check Point Software Technologies in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Check Point Software Technologies presently has a consensus rating of “Buy” and an average target price of $72.62.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.

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