Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned a consensus recommendation of “Hold” from the thirty analysts that are presently covering the stock, Marketbeat Ratings reports. Twenty investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $113.40.

A number of equities research analysts have recently weighed in on the stock. UBS AG lifted their target price on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays PLC cut their target price on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Wednesday. J P Morgan Chase & Co cut their target price on shares of Check Point Software Technologies from $123.00 to $121.00 and set a “neutral” rating on the stock in a research note on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research note on Wednesday. Finally, Royal Bank Of Canada cut their target price on shares of Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Wednesday.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHKP. Principal Financial Group Inc. raised its holdings in shares of Check Point Software Technologies by 686.7% during the first 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 during the last quarter. Teachers Advisors LLC raised its holdings in shares of Check Point Software Technologies by 4.6% during the first 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 during the last quarter. Vanguard Group Inc. raised its holdings in shares of Check Point Software Technologies by 7.3% during the first quarter. Vanguard Group Inc. now owns 306,857 shares of the technology company’s stock valued at $31,502,000 after purchasing an additional 20,909 shares during the last quarter. Morgan Stanley raised its holdings in shares of Check Point Software Technologies by 9.8% during the first quarter. Morgan Stanley now owns 160,434 shares of the technology company’s stock valued at $16,471,000 after purchasing an additional 14,349 shares during the last quarter. Finally, Janus Capital Management LLC raised its holdings in shares of Check Point Software Technologies by 226.7% during the first quarter. Janus Capital Management LLC now owns 31,272 shares of the technology company’s stock valued at $3,210,000 after purchasing an additional 21,701 shares during the last quarter. 68.07% of the stock is owned by hedge funds and other institutional investors.

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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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