BidaskClub upgraded shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) from a hold rating to a buy rating in a research report report published on Thursday.

Several other brokerages also recently issued reports on CHKP. Susquehanna Bancshares Inc assumed coverage on shares of Check Point Software Technologies in a research report on Wednesday, June 7th. They set a positive rating and a $132.00 price objective for the company. BMO Capital Markets reissued a hold rating and set a $117.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Vetr downgraded shares of Check Point Software Technologies from a hold rating to a sell rating and set a $107.79 price objective for the company. in a research report on Thursday, May 25th. Citigroup Inc. increased their price objective on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the stock a neutral rating in a research report on Thursday, May 25th. Finally, Northland Securities reissued a hold rating and set a $120.00 price objective on shares of Check Point Software Technologies in a research report on Friday, June 30th. Seventeen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $110.67.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 108.71 on Thursday. The firm has a market cap of $17.76 billion, a PE ratio of 24.12 and a beta of 0.72. The firm’s 50-day moving average price is $108.73 and its 200-day moving average price is $106.30. Check Point Software Technologies has a one year low of $74.34 and a one year high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results 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. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The company had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same period last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts expect that Check Point Software Technologies will post $5.18 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted 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. Gateway Investment Advisers LLC boosted its stake in Check Point Software Technologies by 1.3% in the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after buying an additional 31 shares in the last quarter. Baldwin Investment Management LLC boosted its stake in Check Point Software Technologies by 0.7% in the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after buying an additional 34 shares in the last quarter. IFP Advisors Inc boosted 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. Finally, Trust Co. of Vermont boosted its stake in Check Point Software Technologies by 2.2% in the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after buying an additional 39 shares in the last quarter. Institutional investors own 71.65% of the company’s stock.

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.

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

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