Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have received a consensus recommendation of “Hold” from the twenty-nine analysts that are covering the stock. Two analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $89.41.

A number of brokerages have recently issued reports on CHKP. Piper Jaffray Cos. began coverage on Check Point Software Technologies in a report on Wednesday, September 28th. They set an “overweight” rating and a $95.00 price target on the stock. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Check Point Software Technologies in a report on Monday, September 26th. Guggenheim initiated coverage on Check Point Software Technologies in a report on Wednesday, September 14th. They issued a “neutral” rating on the stock. Finally, Wunderlich initiated coverage on Check Point Software Technologies in a report on Tuesday, September 13th. They issued a “hold” rating and a $80.00 target price on the stock.

Check Point Software Technologies (NASDAQ:CHKP) opened at 78.07 on Wednesday. The stock’s 50 day moving average price is $76.57 and its 200 day moving average price is $80.72. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 20.04 and a beta of 0.96. Check Point Software Technologies has a one year low of $71.64 and a one year high of $89.98.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $423 million for the quarter, compared to the consensus estimate of $422.19 million. Check Point Software Technologies had a return on equity of 20.18% and a net margin of 41.19%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. Equities analysts predict that Check Point Software Technologies will post $4.46 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its position in Check Point Software Technologies by 10.0% in the first quarter. Lazard Asset Management LLC now owns 4,701,974 shares of the company’s stock valued at $411,281,000 after buying an additional 428,385 shares in the last quarter. FMR LLC boosted its position in Check Point Software Technologies by 17.8% in the second quarter. FMR LLC now owns 4,170,635 shares of the company’s stock valued at $332,316,000 after buying an additional 629,802 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Check Point Software Technologies by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 3,515,433 shares of the company’s stock valued at $307,494,000 after buying an additional 10,061 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in Check Point Software Technologies by 59.9% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,325,000 shares of the company’s stock valued at $264,936,000 after buying an additional 1,246,000 shares in the last quarter. Finally, Investec Asset Management LTD boosted its position in Check Point Software Technologies by 16.6% in the first quarter. Investec Asset Management LTD now owns 2,788,131 shares of the company’s stock valued at $243,878,000 after buying an additional 396,867 shares in the last quarter. Institutional investors and hedge funds own 73.78% 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.

5 Day Chart for NASDAQ:CHKP

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