Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a note issued to investors on Friday. They presently have a $100.00 price objective on the technology company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 6.21% from the company’s current price.

Several other research firms have also recently issued reports on CHKP. OTR Global cut Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, October 19th. UBS AG increased their price objective on Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays PLC cut their price objective on Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, J P Morgan Chase & Co cut their price objective on Check Point Software Technologies from $123.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday. Twenty equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $113.60.

Check Point Software Technologies (NASDAQ CHKP) traded down $11.09 during trading hours on Friday, reaching $106.62. The company’s stock had a trading volume of 2,962,634 shares, compared to its average volume of 1,462,889. The stock has a market cap of $17.43 billion, a PE ratio of 22.45 and a beta of 0.67.

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Large investors have recently modified their holdings of the business. BB&T Investment Services Inc. acquired a new stake in Check Point Software Technologies in the 2nd quarter worth about $100,000. Acrospire Investment Management LLC boosted its stake in Check Point Software Technologies by 150.0% in the 2nd 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 during the last quarter. IFP Advisors Inc boosted its stake in Check Point Software Technologies by 23.7% in the 1st quarter. IFP Advisors Inc now owns 1,272 shares of the technology company’s stock worth $111,000 after buying an additional 244 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Check Point Software Technologies in the 2nd quarter worth about $145,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Check Point Software Technologies by 3.9% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,388 shares of the technology company’s stock worth $108,000 after buying an additional 52 shares during the last quarter. 68.07% of the stock is currently 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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