Check Point Software Technologies Ltd. (NASDAQ:CHKP) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other research analysts have also recently commented on CHKP. Zacks Investment Research cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $115.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, July 4th. Northland Securities restated a “hold” rating and set a $120.00 price objective on shares of Check Point Software Technologies in a research note on Friday, June 30th. Vetr upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price objective on the stock in a research note on Monday, June 12th. Finally, Monness Crespi & Hardt began coverage on Check Point Software Technologies in a research note on Tuesday, March 14th. They set a “neutral” rating on the stock. Seventeen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $108.07.

Shares of Check Point Software Technologies (CHKP) traded up 1.44% during midday trading on Wednesday, reaching $111.44. The company’s stock had a trading volume of 895,400 shares. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 26.66 and a beta of 0.73. The firm’s 50 day moving average is $111.10 and its 200 day moving average is $101.20. Check Point Software Technologies has a 52 week low of $74.34 and a 52 week high of $115.87.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.03. The company had revenue of $435.50 million for the quarter, compared to analysts’ expectations of $432.41 million. Check Point Software Technologies had a return on equity of 21.53% and a net margin of 41.75%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Equities analysts forecast that Check Point Software Technologies will post $5.17 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Westport Asset Management Inc. acquired a new position in shares of Check Point Software Technologies during the fourth quarter valued at about $1,208,000. 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 valued at $571,391,000 after buying an additional 1,342,443 shares in the last quarter. Comerica Bank increased its position in shares of Check Point Software Technologies by 0.7% in the fourth quarter. Comerica Bank now owns 20,102 shares of the technology company’s stock valued at $1,823,000 after buying an additional 134 shares in the last quarter. Howard Capital Management increased its position in shares of Check Point Software Technologies by 1.6% in the first quarter. Howard Capital Management now owns 151,265 shares of the technology company’s stock valued at $15,529,000 after buying an additional 2,365 shares in the last quarter. Finally, Nepsis Capital Management Inc. acquired a new position in shares of Check Point Software Technologies during the first quarter valued at about $5,314,000. Institutional investors and hedge funds own 72.40% 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.

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

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