Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have earned an average rating of “Hold” from the thirty-three research firms that are currently covering the company, MarketBeat reports. Eighteen investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $111.13.

CHKP has been the topic of several research analyst reports. Cleveland Research upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. Barclays PLC reiterated a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Citigroup Inc. boosted their price objective on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Evercore ISI decreased their price objective on shares of 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 reiterated a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a research report on Friday, June 30th.

Check Point Software Technologies (NASDAQ CHKP) traded up 0.44% during trading on Friday, reaching $107.29. 622,180 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $108.84 and its 200-day moving average price is $105.95. Check Point Software Technologies has a one year low of $74.34 and a one year high of $116.63. The stock has a market cap of $17.52 billion, a P/E ratio of 23.81 and a beta of 0.72.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BB&T Investment Services Inc. bought a new position in Check Point Software Technologies during the second quarter worth approximately $100,000. Acrospire Investment Management LLC increased its position in Check Point Software Technologies by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after buying an additional 600 shares in the last quarter. Fiduciary Trust Co. bought a new position in Check Point Software Technologies during the second quarter worth approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position 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 in the last quarter. Finally, Crestwood Advisors Group LLC bought a new position in Check Point Software Technologies during the first quarter worth approximately $154,000. 71.65% of the stock is owned by institutional investors.

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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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