Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “outperform” rating reissued by Oppenheimer Holdings, Inc. in a report released on Tuesday. They currently have a $128.00 price objective on the technology company’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 18.24% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Citigroup Inc. increased their price objective on Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Cowen and Company reissued a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, July 21st. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday. BMO Capital Markets reissued a “market perform” rating and issued a $116.00 price objective (up previously from $110.00) on shares of Check Point Software Technologies in a research note on Friday, April 21st. Finally, Susquehanna Bancshares Inc began coverage on Check Point Software Technologies in a research note on Wednesday, June 7th. They issued a “positive” rating and a $132.00 price objective on the stock. Eighteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $109.47.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 108.25 on Tuesday. Check Point Software Technologies has a 52-week low of $74.34 and a 52-week high of $116.63. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 24.02 and a beta of 0.72. The company’s 50 day moving average price is $109.27 and its 200 day moving average price is $105.80.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Check Point Software Technologies’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Check Point Software Technologies will post $5.18 EPS for the current year.

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Institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of Check Point Software Technologies by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 102,913 shares of the technology company’s stock worth $8,692,000 after buying an additional 8,174 shares during the period. Creative Planning raised its position in shares of Check Point Software Technologies by 16.7% in the first quarter. Creative Planning now owns 5,821 shares of the technology company’s stock worth $598,000 after buying an additional 835 shares during the period. Bank of Montreal Can raised its position in shares of Check Point Software Technologies by 3.5% in the first quarter. Bank of Montreal Can now owns 81,316 shares of the technology company’s stock worth $8,348,000 after buying an additional 2,767 shares during the period. Eastern Bank purchased a new position in shares of Check Point Software Technologies during the first quarter worth about $339,000. Finally, Cim LLC purchased a new position in shares of Check Point Software Technologies during the first quarter worth about $227,000. Institutional investors own 71.65% 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.

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

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