Credit Suisse Group assumed coverage on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research note published on Tuesday morning, MarketBeat.com reports. The firm issued a neutral rating and a $110.00 price target on the technology company’s stock.

A number of other analysts have also weighed in on the stock. Piper Jaffray Companies set a $108.00 price target on shares of Check Point Software Technologies and gave the company a hold rating in a report on Friday, August 25th. BidaskClub raised shares of Check Point Software Technologies from a hold rating to a buy rating in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $128.00 price target on shares of Check Point Software Technologies in a report on Tuesday, August 15th. Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the company a hold rating in a report on Friday, August 11th. Finally, Argus reissued a buy rating and issued a $124.00 price target (up previously from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Eighteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $110.64.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 112.63 on Tuesday. Check Point Software Technologies has a 12 month low of $74.34 and a 12 month high of $116.63. The firm has a market cap of $18.40 billion, a P/E ratio of 24.99 and a beta of 0.73. The stock’s 50 day moving average price is $107.98 and its 200-day moving average price is $106.94.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The business had revenue of $458.60 million during the quarter, compared to analyst estimates 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 for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. Equities research 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 institutional investors and hedge funds have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Check Point Software Technologies by 1.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after acquiring an additional 20 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in Check Point Software Technologies by 1.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock valued at $263,000 after acquiring an additional 31 shares in the last quarter. Baldwin Investment Management LLC lifted its position in Check Point Software Technologies by 0.7% in the 2nd quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock valued at $509,000 after acquiring an additional 34 shares in the last quarter. IFP Advisors Inc lifted its position in Check Point Software Technologies by 2.4% in the 1st quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock valued at $155,000 after acquiring an additional 36 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in Check Point Software Technologies by 2.2% in the 2nd quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after acquiring an additional 39 shares in the last quarter. 67.82% of the stock is currently 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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