Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “hold” rating reiterated by research analysts at BMO Capital Markets in a research note issued on Thursday. They currently have a $117.00 price objective on the technology company’s stock. BMO Capital Markets’ target price indicates a potential upside of 4.42% from the stock’s current price.

Other analysts have also issued reports about the company. Citigroup Inc increased their target price on Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Vetr lowered Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price on the stock. in a report on Thursday, May 25th. Barclays PLC raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $95.00 to $112.00 in a report on Friday, April 28th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $115.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 6th. Finally, Robert W. Baird reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $105.12.

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

Check Point Software Technologies (NASDAQ:CHKP) opened at 112.05 on Thursday. Check Point Software Technologies has a 52-week low of $74.34 and a 52-week high of $112.83. The company has a market cap of $18.50 billion, a price-to-earnings ratio of 25.98 and a beta of 0.87. The stock’s 50 day moving average is $106.54 and its 200 day moving average is $97.02.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 27th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. The company had revenue of $435.50 million for the quarter, compared to analyst estimates of $432.41 million. Check Point Software Technologies had a return on equity of 21.19% and a net margin of 41.63%. Check Point Software Technologies’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. Equities research analysts forecast that Check Point Software Technologies will post $5.17 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Check Point Software Technologies by 1.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,349,727 shares of the technology company’s stock worth $1,267,823,000 after buying an additional 229,321 shares during the period. Schroder Investment Management Group increased its position in shares of Check Point Software Technologies by 21.2% in the third quarter. Schroder Investment Management Group now owns 5,693,288 shares of the technology company’s stock worth $441,856,000 after buying an additional 996,144 shares during the period. Harding Loevner LP increased its position in shares of Check Point Software Technologies by 31.8% in the first quarter. Harding Loevner LP now owns 5,565,861 shares of the technology company’s stock worth $571,391,000 after buying an additional 1,342,443 shares during the period. BlackRock Inc. increased its position in shares of Check Point Software Technologies by 1,778.0% in the first quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock worth $529,804,000 after buying an additional 4,885,975 shares during the period. Finally, FMR LLC increased its position in shares of Check Point Software Technologies by 35.3% in the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock worth $319,056,000 after buying an additional 810,843 shares during the period. Institutional investors own 71.55% of the company’s stock.

About Check Point Software Technologies

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.

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