OTR Global lowered shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) to a positive rating in a research report sent to investors on Tuesday morning, The Fly reports.

Several other research analysts also recently commented on CHKP. Northland Securities reaffirmed a hold rating and issued a $120.00 price target on shares of Check Point Software Technologies in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $128.00 price target on shares of Check Point Software Technologies in a research note on Monday, October 2nd. Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a hold rating in a research note on Friday, August 11th. Stephens raised their price target on shares of 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. Finally, Piper Jaffray Companies set a $108.00 price target on shares of Check Point Software Technologies and gave the stock a hold rating in a research note on Friday, October 6th. Sixteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $111.90.

Shares of Check Point Software Technologies (CHKP) traded up 0.51% during midday trading on Tuesday, hitting $118.50. 773,246 shares of the stock were exchanged. The stock has a market cap of $19.35 billion, a P/E ratio of 26.29 and a beta of 0.72. The firm has a 50 day moving average of $114.25 and a 200-day moving average of $109.89. Check Point Software Technologies has a 12 month low of $77.77 and a 12 month high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The company 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%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. 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 hedge funds have recently added to or reduced their stakes in CHKP. Victory Capital Management Inc. boosted its stake in Check Point Software Technologies by 921.0% in the 1st quarter. Victory Capital Management Inc. now owns 7,525 shares of the technology company’s stock worth $772,000 after purchasing an additional 6,788 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Check Point Software Technologies by 686.7% in the 1st quarter. Principal Financial Group Inc. now owns 74,163 shares of the technology company’s stock worth $7,614,000 after purchasing an additional 64,736 shares in the last quarter. Teachers Advisors LLC boosted its stake in Check Point Software Technologies by 4.6% in the 1st quarter. Teachers Advisors LLC now owns 107,684 shares of the technology company’s stock worth $11,055,000 after purchasing an additional 4,771 shares in the last quarter. Royce & Associates LP acquired a new stake in Check Point Software Technologies in the 1st quarter worth approximately $2,591,000. Finally, Chartwell Investment Partners LLC boosted its stake in Check Point Software Technologies by 15.0% in the 1st quarter. Chartwell Investment Partners LLC now owns 20,445 shares of the technology company’s stock worth $2,099,000 after purchasing an additional 2,670 shares in the last quarter. Institutional investors own 67.83% of the company’s stock.

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.

The Fly

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

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