Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been assigned a consensus recommendation of “Hold” from the twenty-nine research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $113.40.

A number of research firms have commented on CHKP. Zacks Investment Research lowered shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. BidaskClub lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. JPMorgan Chase & Co. lowered shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 target price for the company. in a report on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 target price on shares of Check Point Software Technologies in a report on Friday, November 3rd. Finally, UBS Group lifted their target price on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st.

Several institutional investors have recently added to or reduced their stakes in the company. Harding Loevner LP increased its stake in shares of Check Point Software Technologies by 3,559.4% during the 3rd quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock worth $495,041,000 after purchasing an additional 208,440,017 shares during the last quarter. Schroder Investment Management Group grew its stake in Check Point Software Technologies by 4.2% in the 3rd quarter. Schroder Investment Management Group now owns 5,513,142 shares of the technology company’s stock valued at $619,512,000 after buying an additional 220,009 shares during the last quarter. FMR LLC grew its stake in Check Point Software Technologies by 13.5% in the 2nd quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock valued at $384,916,000 after buying an additional 420,853 shares during the last quarter. FIL Ltd grew its stake in Check Point Software Technologies by 1.5% in the 2nd quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock valued at $317,632,000 after buying an additional 43,674 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in Check Point Software Technologies by 53.0% in the 3rd quarter. APG Asset Management N.V. now owns 2,548,811 shares of the technology company’s stock valued at $290,615,000 after buying an additional 883,300 shares during the last quarter. Institutional investors own 71.73% of the company’s stock.

Shares of Check Point Software Technologies (CHKP) opened at $103.00 on Tuesday. The firm has a market cap of $16,830.00, a P/E ratio of 22.01, a P/E/G ratio of 2.03 and a beta of 0.62. Check Point Software Technologies has a fifty-two week low of $88.91 and a fifty-two week high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 31st. The technology company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Check Point Software Technologies had a net margin of 42.80% and a return on equity of 22.46%. equities research analysts anticipate that Check Point Software Technologies will post 4.82 earnings per share for the current fiscal year.

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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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