Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “outperform” rating restated by Oppenheimer Holdings, Inc. in a report released on Wednesday. They currently have a $128.00 price target on the technology company’s stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 20.37% from the company’s previous close.

CHKP has been the topic of a number of other research reports. Morgan Stanley raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $87.00 to $107.00 in a report on Tuesday, April 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $117.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 27th. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. BTIG Research reiterated a “buy” rating and set a $118.00 target price on shares of Check Point Software Technologies in a research report on Monday, April 24th. Finally, Cleveland Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. Nineteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $108.87.

Check Point Software Technologies (CHKP) traded up 1.0253% during midday trading on Wednesday, reaching $107.4303. The company’s stock had a trading volume of 740,908 shares. The stock has a market cap of $17.55 billion, a P/E ratio of 23.8363 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. The stock’s 50 day moving average is $111.73 and its 200 day moving average is $104.38.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The business had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts anticipate that Check Point Software Technologies will post $5.18 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. Howard Capital Management increased its position in 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 worth $15,529,000 after buying an additional 2,365 shares in the last quarter. Eastern Bank purchased a new position in Check Point Software Technologies during the first quarter worth approximately $339,000. Baldwin Brothers Inc. MA increased its position in Check Point Software Technologies by 3.6% in the first quarter. Baldwin Brothers Inc. MA now owns 115,678 shares of the technology company’s stock worth $11,876,000 after buying an additional 4,019 shares in the last quarter. Atria Investments LLC increased its position in Check Point Software Technologies by 5.1% in the first quarter. Atria Investments LLC now owns 7,176 shares of the technology company’s stock worth $737,000 after buying an additional 349 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Check Point Software Technologies by 3.5% in the first quarter. Bank of Montreal Can now owns 81,316 shares of the technology company’s stock worth $8,348,000 after buying an additional 2,767 shares in the last quarter. 72.25% of the stock is currently owned by institutional investors.

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.

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

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