Check Point Software Technologies Ltd. (NASDAQ:CHKP) had its target price decreased by analysts at BMO Capital Markets from $117.00 to $115.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 7.07% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Cleveland Research raised Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, April 24th. Evercore ISI lowered their target price on Check Point Software Technologies from $100.00 to $95.00 and set an “in-line” rating for the company in a research note on Friday, April 28th. Stifel Nicolaus set a $100.00 target price on Check Point Software Technologies and gave the company a “hold” rating in a research note on Thursday, April 27th. Cowen and Company lifted their target price on Check Point Software Technologies from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Finally, Robert W. Baird reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, April 27th. Eighteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Check Point Software Technologies has an average rating of “Buy” and a consensus price target of $107.99.

Shares of Check Point Software Technologies (CHKP) opened at 107.41 on Friday. Check Point Software Technologies has a one year low of $74.34 and a one year high of $116.63. The stock has a 50 day moving average price of $112.06 and a 200 day moving average price of $103.93. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 24.90 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a return on equity of 21.53% and a net margin of 41.75%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. On average, equities research analysts forecast that Check Point Software Technologies will post $5.18 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its stake in 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 in the last quarter. Harding Loevner LP increased its stake in 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 in the last quarter. BlackRock Inc. increased its stake in 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 in the last quarter. FMR LLC increased its stake in 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 in the last quarter. Finally, William Blair Investment Management LLC increased its stake in Check Point Software Technologies by 6.4% in the first quarter. William Blair Investment Management LLC now owns 2,560,834 shares of the technology company’s stock worth $262,895,000 after buying an additional 155,142 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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

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