BMO Capital Markets reissued their outperform rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research note released on Monday morning, The Fly reports. They currently have a $125.00 price objective on the technology company’s stock, up from their previous price objective of $120.00.

Several other research firms also recently commented on CHKP. Barclays boosted their target price on shares of Check Point Software Technologies from $120.00 to $135.00 and gave the stock an equal weight rating in a report on Friday, April 12th. Zacks Investment Research downgraded shares of Check Point Software Technologies from a hold rating to a sell rating in a report on Wednesday, April 3rd. Credit Suisse Group reissued a hold rating and issued a $110.00 target price on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Evercore ISI reissued a hold rating and issued a $105.00 target price on shares of Check Point Software Technologies in a report on Thursday, January 31st. Finally, Oppenheimer boosted their target price on shares of Check Point Software Technologies from $130.00 to $145.00 and gave the stock an outperform rating in a report on Monday, April 15th. Eighteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $121.05.

Shares of NASDAQ:CHKP opened at $118.35 on Monday. Check Point Software Technologies has a 1-year low of $93.76 and a 1-year high of $132.76. The company has a market cap of $19.34 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.26 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.01. Check Point Software Technologies had a net margin of 42.05% and a return on equity of 22.51%. The business had revenue of $471.83 million for the quarter, compared to the consensus estimate of $471.16 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Check Point Software Technologies will post 5.5 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ruggie Capital Group increased its position in Check Point Software Technologies by 650.0% in the fourth quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after purchasing an additional 260 shares during the last quarter. Ledyard National Bank increased its position in Check Point Software Technologies by 196.4% in the fourth quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after purchasing an additional 216 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Check Point Software Technologies by 45.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after purchasing an additional 112 shares during the last quarter. First Personal Financial Services increased its position in Check Point Software Technologies by 64.8% in the first quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock worth $47,000 after purchasing an additional 147 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth $56,000. Institutional investors own 68.03% of the company’s stock.

About Check Point Software Technologies

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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