Royal Bank Of Canada reaffirmed their hold rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research report report published on Wednesday morning. Royal Bank Of Canada currently has a $105.00 price objective on the technology company’s stock.

Several other equities analysts have also commented on the company. OTR Global lowered Check Point Software Technologies to a positive rating in a research note on Tuesday. Stephens increased their target price on Check Point Software Technologies from $115.00 to $122.00 and gave the stock an overweight rating in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $108.00 target price on Check Point Software Technologies and gave the stock a hold rating in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a buy rating and set a $128.00 target price on shares of Check Point Software Technologies in a research note on Monday, October 2nd. Finally, Northland Securities reissued a hold rating and set a $120.00 target price on shares of Check Point Software Technologies in a research note on Thursday, September 28th. Sixteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Check Point Software Technologies currently has an average rating of Buy and an average price target of $111.90.

Check Point Software Technologies (CHKP) traded down 0.09% during mid-day trading on Wednesday, hitting $117.90. The stock had a trading volume of 562,955 shares. The company has a market cap of $19.26 billion, a PE ratio of 26.16 and a beta of 0.72. The firm’s 50-day moving average price is $113.84 and its 200 day moving average price is $109.72. Check Point Software Technologies has a one year low of $75.65 and a one year high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same quarter in the prior year, the company posted $1.09 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Check Point Software Technologies will post $5.18 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Check Point Software Technologies by 1.4% during the 2nd 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 during the last quarter. Gateway Investment Advisers LLC grew its stake in shares of 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 purchasing an additional 31 shares during the last quarter. Baldwin Investment Management LLC grew its stake in shares of 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 purchasing an additional 34 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of 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 purchasing an additional 39 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Check Point Software Technologies by 0.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock valued at $580,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 67.83% 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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