BidaskClub downgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a buy rating to a hold rating in a research report released on Friday, BidAskClub reports.

Other equities analysts also recently issued research reports about the stock. Barclays increased their price objective on shares of Check Point Software Technologies from $120.00 to $135.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Oppenheimer raised their price target on shares of Check Point Software Technologies from $130.00 to $145.00 and gave the company an outperform rating in a research note on Monday, April 15th. Mizuho started coverage on shares of Check Point Software Technologies in a research note on Tuesday, March 26th. They set a neutral rating and a $122.00 price target for the company. Evercore ISI reaffirmed a hold rating and set a $105.00 price target on shares of Check Point Software Technologies in a research note on Thursday, January 31st. Finally, Jefferies Financial Group raised their price target on shares of Check Point Software Technologies to $140.00 and gave the company a buy rating in a research note on Wednesday, January 30th. Eighteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $120.84.

Shares of NASDAQ:CHKP opened at $119.99 on Friday. The company has a market capitalization of $19.61 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.26 and a beta of 0.79. Check Point Software Technologies has a one year low of $93.76 and a one year high of $132.76.

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

Several institutional investors and hedge funds have recently bought and sold shares of CHKP. Ruggie Capital Group increased its position in shares of Check Point Software Technologies by 650.0% during the fourth quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after buying an additional 260 shares during the period. Ledyard National Bank increased its position in shares of Check Point Software Technologies by 196.4% during the fourth quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after buying an additional 216 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Check Point Software Technologies by 45.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after buying an additional 112 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of 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 worth $39,000 after buying an additional 3,980,748 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $56,000. Institutional investors own 68.03% 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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