Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “buy” rating restated by research analysts at Cowen and Company in a research note issued to investors on Friday. They currently have a $113.00 target price on the technology company’s stock. Cowen and Company’s target price points to a potential upside of 0.33% from the company’s current price.

Other equities analysts have also issued reports about the company. Citigroup Inc. upped their target price on Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 26th. Evercore ISI set a $100.00 target price on Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, August 11th. Northland Securities reaffirmed a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a report on Friday, June 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $117.00 target price on shares of Check Point Software Technologies in a report on Thursday, June 1st. Eighteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $110.64.

Check Point Software Technologies (NASDAQ CHKP) traded up 1.09% during mid-day trading on Friday, hitting $112.63. The stock had a trading volume of 1,062,571 shares. The firm’s 50-day moving average price is $107.98 and its 200-day moving average price is $106.94. Check Point Software Technologies has a 1-year low of $74.34 and a 1-year high of $116.63. The stock has a market cap of $18.40 billion, a PE ratio of 24.99 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million during 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%. Check Point Software Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. On average, equities analysts expect that Check Point Software Technologies will post $5.18 earnings per share for the current year.

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Large investors have recently bought and sold shares of the business. BB&T Investment Services Inc. purchased a new stake in shares of Check Point Software Technologies during the second quarter worth $100,000. Acrospire Investment Management LLC increased its holdings in shares of 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 purchasing an additional 600 shares during the period. Fiduciary Trust Co. bought a new position in shares of Check Point Software Technologies in the second quarter worth $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of 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 purchasing an additional 20 shares during the period. Finally, IFP Advisors Inc increased its holdings 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 purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 67.82% of the company’s stock.

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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