Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “outperform” rating reiterated by analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday. They currently have a $128.00 target price on the technology company’s stock. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 18.24% from the company’s current price.

A number of other brokerages also recently weighed in on CHKP. Cleveland Research raised Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. Barclays PLC reaffirmed a “hold” rating and set a $110.00 price objective on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Citigroup Inc. raised their price objective on Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Evercore ISI dropped their price objective on Check Point Software Technologies from $100.00 to $95.00 and set an “in-line” rating on the stock in a research report on Friday, April 28th. Finally, Northland Securities reaffirmed a “hold” rating and set a $120.00 price objective on shares of Check Point Software Technologies in a research report on Friday, June 30th. Eighteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $109.47.

Check Point Software Technologies (CHKP) opened at 107.82 on Tuesday. Check Point Software Technologies has a 52 week low of $74.34 and a 52 week high of $116.63. The company has a 50-day moving average of $109.27 and a 200-day moving average of $105.80. The company has a market cap of $17.61 billion, a PE ratio of 23.92 and a beta of 0.72.

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

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Several large investors have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after buying an additional 20 shares during the period. Gateway Investment Advisers LLC increased its stake in Check Point Software Technologies by 1.3% in the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after buying an additional 31 shares during the period. Baldwin Investment Management LLC increased its stake in Check Point Software Technologies by 0.7% in the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after buying an additional 34 shares during the period. IFP Advisors Inc increased its stake in 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. Finally, Trust Co. of Vermont increased its stake in Check Point Software Technologies by 2.2% in the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after buying an additional 39 shares during the period. 71.65% of the stock is owned by hedge funds and other 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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