BidaskClub upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

A number of other research analysts also recently commented on CHKP. Zacks Investment Research downgraded Check Point Software Technologies from a hold rating to a sell rating in a report on Wednesday, April 3rd. ValuEngine downgraded Check Point Software Technologies from a buy rating to a hold rating in a report on Wednesday, April 24th. Cowen assumed coverage on Check Point Software Technologies in a report on Thursday, May 23rd. They issued a market perform rating and a $120.00 price target for the company. BMO Capital Markets reissued an outperform rating and issued a $125.00 price target (up previously from $120.00) on shares of Check Point Software Technologies in a report on Monday, April 22nd. Finally, Northland Securities reissued a hold rating and issued a $120.00 price target on shares of Check Point Software Technologies in a report on Monday, April 22nd. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $122.00.

Shares of NASDAQ CHKP opened at $113.32 on Thursday. Check Point Software Technologies has a 1-year low of $95.67 and a 1-year high of $132.76. The stock has a market capitalization of $17.25 billion, a PE ratio of 21.63, a P/E/G ratio of 2.33 and a beta of 0.80.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.01. The firm had revenue of $471.83 million during the quarter, compared to the consensus estimate of $471.16 million. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. Check Point Software Technologies’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. As a group, research analysts expect that Check Point Software Technologies will post 5.52 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Check Point Software Technologies by 11.7% during the first quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock valued at $736,781,000 after buying an additional 612,046 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Check Point Software Technologies by 39,495.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock valued at $39,000 after buying an additional 3,980,748 shares in the last quarter. APG Asset Management N.V. raised its stake in Check Point Software Technologies by 4.5% during the fourth quarter. APG Asset Management N.V. now owns 2,568,672 shares of the technology company’s stock valued at $230,656,000 after buying an additional 111,200 shares in the last quarter. William Blair Investment Management LLC raised its stake in Check Point Software Technologies by 1,576.6% during the first quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock valued at $208,921,000 after buying an additional 1,553,162 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Check Point Software Technologies by 15.0% during the first quarter. Nordea Investment Management AB now owns 1,650,535 shares of the technology company’s stock valued at $208,773,000 after buying an additional 215,133 shares in the last quarter. Hedge funds and other institutional investors own 71.29% of the company’s stock.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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