Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research report issued on Saturday.

CHKP has been the subject of a number of other research reports. Robert W. Baird began coverage on shares of Check Point Software Technologies in a research report on Tuesday, August 23rd. They set a “neutral” rating and a $83.00 target price for the company. Wunderlich upped their price target on Check Point Software Technologies from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Citigroup Inc. upped their price target on Check Point Software Technologies from $88.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $94.00 price target on shares of Check Point Software Technologies in a report on Monday, October 10th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $89.50.

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

Check Point Software Technologies (NASDAQ:CHKP) opened at 76.17 on Friday. The stock has a 50 day moving average of $76.68 and a 200-day moving average of $80.51. The firm has a market capitalization of $13.02 billion, a PE ratio of 19.55 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 posted its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The firm earned $423 million during the quarter, compared to the consensus estimate of $422.19 million. Check Point Software Technologies had a net margin of 41.19% and a return on equity of 20.18%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. On average, equities analysts predict that Check Point Software Technologies will post $4.46 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its position in shares of 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 shares of 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 shares of 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 shares of 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, Harding Loevner LP purchased a new position in shares of Check Point Software Technologies during the third quarter valued at $188,714,000. 73.79% of the stock is currently owned by 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.

5 Day Chart for NASDAQ:CHKP

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