Oppenheimer Holdings Inc. reaffirmed their outperform rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research report released on Monday. They currently have a $94.00 price target on the stock.

A number of other research analysts also recently weighed in on CHKP. Deutsche Bank AG downgraded Check Point Software Technologies from a buy rating to a hold rating and lowered their target price for the company from $95.00 to $90.00 in a report on Thursday, June 16th. Macquarie began coverage on Check Point Software Technologies in a report on Friday, July 8th. They issued a neutral rating and a $91.00 target price on the stock. Zacks Investment Research downgraded Check Point Software Technologies from a hold rating to a sell rating in a report on Friday, July 15th. Wunderlich increased their target price on Check Point Software Technologies from $95.00 to $105.00 and gave the company a buy rating in a report on Wednesday, July 27th. Finally, Needham & Company LLC increased their target price on Check Point Software Technologies from $95.00 to $100.00 and gave the company a buy rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $89.50.

Shares of Check Point Software Technologies (NASDAQ:CHKP) traded down 0.58% on Monday, hitting $77.14. The stock had a trading volume of 155,322 shares. The stock has a market capitalization of $13.19 billion, a P/E ratio of 19.80 and a beta of 0.96. Check Point Software Technologies has a 52 week low of $71.64 and a 52 week high of $89.98. The firm has a 50-day moving average price of $76.61 and a 200-day moving average price of $80.65.

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 expect that Check Point Software Technologies will post $4.46 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the company. 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 worth $264,936,000 after buying an additional 1,246,000 shares during the last quarter. Vulcan Value Partners LLC boosted its position in Check Point Software Technologies by 111.9% in the second quarter. Vulcan Value Partners LLC now owns 2,206,298 shares of the company’s stock worth $175,798,000 after buying an additional 1,165,059 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Check Point Software Technologies by 210.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,336,452 shares of the company’s stock worth $106,488,000 after buying an additional 906,649 shares during the last quarter. State Street Corp boosted its position in Check Point Software Technologies by 51.1% in the second quarter. State Street Corp now owns 2,171,301 shares of the company’s stock worth $173,020,000 after buying an additional 734,553 shares during the last quarter. Finally, Credit Agricole S A boosted its position in Check Point Software Technologies by 341.2% in the first quarter. Credit Agricole S A now owns 835,479 shares of the company’s stock worth $73,079,000 after buying an additional 646,133 shares during the last quarter. 73.79% of the stock is owned by 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.

5 Day Chart for NASDAQ:CHKP

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