Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have received a consensus rating of “Hold” from the twenty-nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twenty have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $113.40.

Several brokerages recently commented on CHKP. OTR Global downgraded shares of Check Point Software Technologies to a “positive” rating in a research note on Tuesday, October 17th. Jefferies Group reissued a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, October 19th. Royal Bank of Canada dropped their price objective on shares of Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 1st. Stephens downgraded shares of Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research note on Wednesday, November 1st. Finally, Cowen downgraded shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research note on Wednesday, November 1st.

Several hedge funds have recently added to or reduced their stakes in the company. Green Square Capital LLC increased its position in shares of Check Point Software Technologies by 2.7% during the second quarter. Green Square Capital LLC now owns 3,745 shares of the technology company’s stock worth $409,000 after buying an additional 100 shares during the period. First Allied Advisory Services Inc. increased its position in shares of Check Point Software Technologies by 4.0% during the second quarter. First Allied Advisory Services Inc. now owns 2,944 shares of the technology company’s stock worth $314,000 after buying an additional 113 shares during the period. Mariner Wealth Advisors LLC increased its position in shares of Check Point Software Technologies by 3.6% during the second quarter. Mariner Wealth Advisors LLC now owns 3,807 shares of the technology company’s stock worth $415,000 after buying an additional 132 shares during the period. Evercore Wealth Management LLC increased its position in shares of Check Point Software Technologies by 0.3% during the second quarter. Evercore Wealth Management LLC now owns 54,181 shares of the technology company’s stock worth $5,910,000 after buying an additional 160 shares during the period. Finally, Bluestein R H & Co. increased its position in shares of Check Point Software Technologies by 1.5% during the second quarter. Bluestein R H & Co. now owns 13,215 shares of the technology company’s stock worth $1,441,000 after buying an additional 200 shares during the period. 71.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at $103.00 on Tuesday. Check Point Software Technologies has a twelve month low of $88.91 and a twelve month high of $119.20. The firm has a market cap of $16,830.00, a P/E ratio of 22.01, a PEG ratio of 2.03 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 31st. The technology company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Check Point Software Technologies had a net margin of 42.80% and a return on equity of 22.46%. equities analysts predict that Check Point Software Technologies will post 4.82 earnings per share for the current year.

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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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