Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been assigned a $108.00 price objective by investment analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the technology company’s stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 0.65% from the stock’s current price.

CHKP has been the subject of a number of other research reports. Barclays PLC raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $95.00 to $112.00 in a report on Friday, April 28th. Vetr cut shares of Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price for the company. in a report on Thursday, May 25th. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $117.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 27th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $110.67.

Shares of Check Point Software Technologies (NASDAQ CHKP) traded down 0.42% during trading on Friday, reaching $108.71. 469,913 shares of the company’s stock were exchanged. The company has a 50 day moving average of $108.73 and a 200 day moving average of $106.30. The firm has a market capitalization of $17.76 billion, a P/E ratio of 24.12 and a beta of 0.72. Check Point Software Technologies has a 52-week low of $74.34 and a 52-week high of $116.63.

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

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A number of hedge funds have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. purchased a new stake in Check Point Software Technologies during the second quarter worth $100,000. Acrospire Investment Management LLC increased its stake in Check Point Software Technologies by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after buying an additional 600 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Check Point Software Technologies during the second quarter worth $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after buying an additional 20 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares in the last quarter. 71.65% of the stock is owned by institutional investors and hedge funds.

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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