Check Point Software Technologies Ltd. (NASDAQ:CHKP) had its price target cut by Barclays PLC from $110.00 to $106.00 in a report published on Wednesday morning. They currently have an equal weight rating on the technology company’s stock.

A number of other brokerages have also recently commented on CHKP. Robert W. Baird restated a hold rating and set a $115.00 target price on shares of Check Point Software Technologies in a report on Wednesday. KeyCorp restated a hold rating on shares of Check Point Software Technologies in a report on Friday, October 27th. BidaskClub cut Check Point Software Technologies from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price objective on Check Point Software Technologies and gave the company a hold rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $105.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. Twenty research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $113.60.

Check Point Software Technologies (CHKP) opened at $105.65 on Wednesday. Check Point Software Technologies has a 1-year low of $80.78 and a 1-year high of $119.20. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.29 and a beta of 0.67.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AXA increased its position in Check Point Software Technologies by 20.6% during the second quarter. AXA now owns 187,805 shares of the technology company’s stock worth $20,486,000 after buying an additional 32,118 shares during the period. Oppenheimer Asset Management Inc. increased its position in Check Point Software Technologies by 7.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock worth $9,725,000 after buying an additional 5,914 shares during the period. JPMorgan Chase & Co. increased its position in Check Point Software Technologies by 693.4% during the second quarter. JPMorgan Chase & Co. now owns 467,485 shares of the technology company’s stock worth $50,993,000 after buying an additional 408,560 shares during the period. Martin Investment Management LLC increased its position in Check Point Software Technologies by 17.0% during the second quarter. Martin Investment Management LLC now owns 118,581 shares of the technology company’s stock worth $12,935,000 after buying an additional 17,204 shares during the period. Finally, Pictet & Cie Europe SA increased its position in Check Point Software Technologies by 6.2% during the second quarter. Pictet & Cie Europe SA now owns 17,163 shares of the technology company’s stock worth $1,872,000 after buying an additional 1,000 shares during the period. 68.07% of the stock is currently owned by institutional investors.

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.

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

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