Check Point Software Technologies Ltd. (NASDAQ:CHKP) had its target price trimmed by J P Morgan Chase & Co from $123.00 to $121.00 in a research note issued to investors on Wednesday morning. The firm currently has a neutral rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Evercore ISI set a $100.00 target price on shares of Check Point Software Technologies and gave the company a hold rating in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, July 26th. Cowen and Company reissued a buy rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research report on Friday, July 21st. Citigroup Inc. increased their price objective on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the stock a neutral rating in a research report on Friday, July 21st. Finally, Royal Bank Of Canada reduced their price objective on shares of Check Point Software Technologies from $120.00 to $115.00 and set a sector perform rating on the stock in a research report on Wednesday. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $113.60.

Shares of Check Point Software Technologies (NASDAQ CHKP) traded down $0.97 during midday trading on Wednesday, hitting $105.65. 1,926,874 shares of the stock traded hands, compared to its average volume of 1,462,889. The stock has a market cap of $17,267.75, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.67. Check Point Software Technologies has a 52-week low of $80.78 and a 52-week high of $119.20.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. Principal Financial Group Inc. boosted its stake in shares of Check Point Software Technologies by 686.7% during the first quarter. Principal Financial Group Inc. now owns 74,163 shares of the technology company’s stock valued at $7,614,000 after purchasing an additional 64,736 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Check Point Software Technologies by 4.6% during the first quarter. Teachers Advisors LLC now owns 107,684 shares of the technology company’s stock valued at $11,055,000 after purchasing an additional 4,771 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Check Point Software Technologies by 7.3% during the first quarter. Vanguard Group Inc. now owns 306,857 shares of the technology company’s stock valued at $31,502,000 after purchasing an additional 20,909 shares in the last quarter. Morgan Stanley boosted its stake in shares of Check Point Software Technologies by 9.8% during the first quarter. Morgan Stanley now owns 160,434 shares of the technology company’s stock valued at $16,471,000 after purchasing an additional 14,349 shares in the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of Check Point Software Technologies by 226.7% during the first quarter. Janus Capital Management LLC now owns 31,272 shares of the technology company’s stock valued at $3,210,000 after purchasing an additional 21,701 shares in the last quarter. Hedge funds and other institutional investors own 68.07% of the company’s stock.

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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