Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned an average recommendation of “Hold” from the thirty ratings firms that are covering the firm, Marketbeat Ratings reports. Twenty equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $113.40.

CHKP has been the subject of several recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price target on shares of Check Point Software Technologies in a research note on Friday. UBS AG upped their price objective on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Barclays PLC lowered their price objective on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and set a $115.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $128.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, November 1st.

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Check Point Software Technologies (CHKP) traded down $0.22 during midday trading on Thursday, hitting $104.99. 912,320 shares of the stock were exchanged, compared to its average volume of 1,260,000. Check Point Software Technologies has a 52 week low of $80.78 and a 52 week high of $119.20. The company has a market cap of $17,400.00, a P/E ratio of 22.24, a P/E/G ratio of 2.23 and a beta of 0.67.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Harding Loevner LP lifted its stake in shares of Check Point Software Technologies by 5.2% in the second quarter. Harding Loevner LP now owns 5,856,093 shares of the technology company’s stock worth $638,783,000 after buying an additional 290,232 shares in the last quarter. Veritas Asset Management LLP bought a new position in shares of Check Point Software Technologies in the second quarter worth approximately $482,664,000. FMR LLC lifted its stake in shares of Check Point Software Technologies by 13.5% in the second quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock worth $384,916,000 after buying an additional 420,853 shares in the last quarter. FIL Ltd lifted its stake in shares of Check Point Software Technologies by 1.5% in the second quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock worth $317,632,000 after buying an additional 43,674 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Check Point Software Technologies by 3.8% in the second quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock worth $289,870,000 after buying an additional 96,571 shares in the last quarter. Institutional investors and hedge funds own 68.23% 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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