Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “hold” rating restated by equities research analysts at Barclays PLC in a report released on Sunday. They presently have a $110.00 price target on the technology company’s stock. Barclays PLC’s price objective would suggest a potential upside of 3.39% from the company’s previous close.

Several other research analysts also recently issued reports on the company. Cowen and Company restated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a research report on Friday. Citigroup Inc. lifted their price objective on Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday. Piper Jaffray Companies downgraded Check Point Software Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $116.00 to $108.00 in a research report on Friday. BMO Capital Markets restated a “market perform” rating and set a $115.00 price objective (down from $117.00) on shares of Check Point Software Technologies in a research report on Friday. Finally, BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Nineteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $107.95.

Shares of Check Point Software Technologies (CHKP) opened at 106.39 on Friday. The company 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 $17.57 billion, a PE ratio of 24.67 and a beta of 0.73. Check Point Software Technologies has a 12-month low of $74.34 and a 12-month high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.12% and a net margin of 42.17%. The firm had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. During the same period in the previous year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts forecast that Check Point Software Technologies will post $5.18 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake 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. Crestwood Advisors Group LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter worth $154,000. IFP Advisors Inc boosted its stake in shares of Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after buying an additional 146 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock worth $173,000 after buying an additional 202 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

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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