Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research report issued on Thursday. They presently have a $126.00 price target on the technology company’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 6.33% from the company’s current price.

Several other research firms have also recently issued reports on CHKP. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price objective on shares of Check Point Software Technologies and gave the company a “hold” rating in a research report on Friday, August 25th. Royal Bank Of Canada restated a “hold” rating and set a $105.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday. 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, September 8th. Finally, Stephens raised their price objective on shares of Check Point Software Technologies from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Sixteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $111.90.

Check Point Software Technologies (NASDAQ:CHKP) traded up 0.51% during mid-day trading on Thursday, hitting $118.50. 773,246 shares of the company’s stock were exchanged. The stock has a market cap of $19.35 billion, a PE ratio of 26.29 and a beta of 0.72. Check Point Software Technologies has a 12 month low of $76.87 and a 12 month high of $119.20. The stock’s 50 day moving average price is $114.25 and its 200-day moving average price is $109.89.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results 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 net margin of 42.17% and a return on equity of 22.02%. The business had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. During the same period in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies will post $5.18 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in CHKP. Victory Capital Management Inc. boosted its stake in shares of Check Point Software Technologies by 921.0% during the 1st quarter. Victory Capital Management Inc. now owns 7,525 shares of the technology company’s stock valued at $772,000 after purchasing an additional 6,788 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Check Point Software Technologies by 686.7% during the 1st quarter. Principal Financial Group Inc. now owns 74,163 shares of the technology company’s stock valued at $7,614,000 after purchasing an additional 64,736 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Check Point Software Technologies by 4.6% during the 1st quarter. Teachers Advisors LLC now owns 107,684 shares of the technology company’s stock valued at $11,055,000 after purchasing an additional 4,771 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $2,591,000. Finally, Global X Management Co. LLC boosted its stake in shares of Check Point Software Technologies by 30.7% during the 1st quarter. Global X Management Co. LLC now owns 2,577 shares of the technology company’s stock valued at $265,000 after purchasing an additional 606 shares in the last quarter. 67.83% of the stock is currently 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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