Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a note issued to investors on Friday. They presently have a $116.00 price objective on the technology company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 13.02% from the stock’s previous close.

A number of other equities research analysts also recently commented on CHKP. Wells Fargo & Co started coverage on Check Point Software Technologies in a research report on Wednesday, January 11th. They issued an “outperform” rating for the company. Zacks Investment Research raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective for the company in a research report on Thursday, January 12th. OTR Global raised Check Point Software Technologies to a “positive” rating in a research report on Friday, January 13th. Royal Bank of Canada lifted their price objective on Check Point Software Technologies from $90.00 to $96.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $118.00 target price (up previously from $100.00) on shares of Check Point Software Technologies in a report on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Check Point Software Technologies currently has an average rating of “Buy” and a consensus price target of $102.47.

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 102.64 on Friday. Check Point Software Technologies has a 12 month low of $74.34 and a 12 month high of $104.64. The company has a 50-day moving average price of $101.93 and a 200-day moving average price of $91.19. The company has a market capitalization of $17.16 billion, a P/E ratio of 24.56 and a beta of 0.87.

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Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, January 19th. The technology company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.21. The business earned $487 million during the quarter, compared to the consensus estimate of $478.07 million. Check Point Software Technologies had a return on equity of 21.19% and a net margin of 41.63%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. On average, analysts forecast that Check Point Software Technologies will post $5.18 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth about $123,000. Financial Architects Inc raised its position in shares of Check Point Software Technologies by 95.3% in the third quarter. Financial Architects Inc now owns 1,500 shares of the technology company’s stock worth $117,000 after buying an additional 732 shares during the period. Quadrant Capital Group LLC raised its position in shares of Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock worth $153,000 after buying an additional 371 shares during the period. Johnson Financial Group Inc. raised its position in shares of Check Point Software Technologies by 209.5% in the fourth quarter. Johnson Financial Group Inc. now owns 1,625 shares of the technology company’s stock worth $137,000 after buying an additional 1,100 shares during the period. Finally, Edmond DE Rothschild Monaco acquired a new position in shares of Check Point Software Technologies during the third quarter worth about $145,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Company Profile

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.

5 Day Chart for NASDAQ:CHKP

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