Jefferies Group LLC reaffirmed their buy rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research note issued to investors on Thursday. Jefferies Group LLC currently has a $126.00 price objective on the technology company’s stock.

Several other brokerages also recently commented on CHKP. Northland Securities restated a hold rating and set a $120.00 target price on shares of Check Point Software Technologies in a report on Friday, June 30th. Zacks Investment Research downgraded shares of Check Point Software Technologies from a buy rating to a hold rating in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. restated an outperform rating and set a $115.00 target price on shares of Check Point Software Technologies in a report on Tuesday, July 4th. BidaskClub downgraded shares of Check Point Software Technologies from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. Finally, BMO Capital Markets restated a market perform rating and set a $115.00 target price (down from $117.00) on shares of Check Point Software Technologies in a report on Friday, July 21st. Sixteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $111.90.

Check Point Software Technologies (CHKP) traded up 0.51% on Thursday, hitting $118.50. 773,246 shares of the stock traded hands. The company’s 50 day moving average price is $114.25 and its 200-day moving average price is $109.89. Check Point Software Technologies has a 12-month low of $77.77 and a 12-month high of $119.20. The stock has a market capitalization of $19.35 billion, a P/E ratio of 26.29 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last announced 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. Analysts predict that Check Point Software Technologies will post $5.18 EPS for the current year.

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Institutional investors have recently made changes to their positions in the business. BB&T Investment Services Inc. acquired a new stake in Check Point Software Technologies during the 2nd quarter valued at $100,000. Acrospire Investment Management LLC lifted its holdings in Check Point Software Technologies by 150.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after purchasing an additional 600 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Check Point Software Technologies during the 2nd quarter valued at $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings 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 valued at $151,000 after purchasing an additional 20 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Check Point Software Technologies during the 2nd quarter valued at $155,000. 67.83% of the stock is owned by institutional investors and hedge funds.

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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