Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given an average recommendation of “Hold” by the thirty-two brokerages that are currently covering the stock, MarketBeat.com reports. Seventeen research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $111.08.

CHKP has been the subject of several analyst reports. Barclays PLC reissued a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a report on Sunday, July 23rd. Citigroup Inc. boosted their price objective on Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Cowen and Company reissued a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, September 8th. Credit Suisse Group initiated coverage on Check Point Software Technologies in a report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price objective for the company. Finally, Northland Securities reissued a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a report on Friday, June 30th.

A number of large investors have recently bought and sold shares of CHKP. BlackRock Inc. grew its position in shares of Check Point Software Technologies by 1,778.0% in the first quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after purchasing an additional 4,885,975 shares in the last quarter. Veritas Asset Management LLP purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $482,664,000. BT Investment Management Ltd purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $165,866,000. Koch Industries Inc. grew its position in shares of Check Point Software Technologies by 41,297.0% in the second quarter. Koch Industries Inc. now owns 1,148,354 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 1,145,580 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Check Point Software Technologies by 336.7% in the second quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock valued at $125,709,000 after purchasing an additional 888,530 shares in the last quarter. Institutional investors own 67.82% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/check-point-software-technologies-ltd-chkp-given-consensus-recommendation-of-hold-by-brokerages/1616359.html.

Check Point Software Technologies (NASDAQ:CHKP) traded up 0.65% on Friday, reaching $116.75. The company’s stock had a trading volume of 719,278 shares. The firm’s 50 day moving average price is $111.75 and its 200-day moving average price is $108.84. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 25.90 and a beta of 0.72. Check Point Software Technologies has a 1-year low of $74.34 and a 1-year high of $117.11.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that Check Point Software Technologies will post $5.18 earnings per share for the current year.

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)

Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.