Check Point Software Technologies Ltd. (NASDAQ:CHKP) has earned a consensus recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $90.50.

A number of research firms have recently commented on CHKP. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Friday. Wunderlich reaffirmed a “hold” rating and set a $85.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, November 1st. William Blair reaffirmed an “outperform” rating on shares of Check Point Software Technologies in a report on Tuesday, November 1st. Robert W. Baird reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Tuesday, November 1st. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, November 1st.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Espalier Global Management LLC bought a new position in shares of Check Point Software Technologies during the third quarter worth $1,011,000. Profund Advisors LLC raised its position in shares of Check Point Software Technologies by 6.4% in the third quarter. Profund Advisors LLC now owns 8,750 shares of the company’s stock worth $679,000 after buying an additional 525 shares during the last quarter. Kerrisdale Advisers LLC bought a new position in shares of Check Point Software Technologies during the third quarter worth $13,580,000. Stephens Investment Management Group LLC raised its position in shares of Check Point Software Technologies by 66.7% in the third quarter. Stephens Investment Management Group LLC now owns 28,471 shares of the company’s stock worth $2,210,000 after buying an additional 11,391 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Check Point Software Technologies by 1.0% in the third quarter. Principal Financial Group Inc. now owns 9,152 shares of the company’s stock worth $710,000 after buying an additional 89 shares during the last quarter. 72.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 84.44 on Wednesday. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 21.29 and a beta of 0.91. The stock has a 50 day moving average of $79.21 and a 200-day moving average of $79.77. Check Point Software Technologies has a 52 week low of $71.64 and a 52 week high of $89.98.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Monday, October 31st. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Check Point Software Technologies had a net margin of 40.73% and a return on equity of 20.32%. The firm earned $428 million during the quarter, compared to the consensus estimate of $422.79 million. During the same period in the prior year, the firm earned $1.04 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Check Point Software Technologies will post $4.52 earnings per share for the current year.

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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