Stephens downgraded shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) from an overweight rating to an equal weight rating in a research note published on Wednesday. They currently have $110.00 target price on the technology company’s stock.

CHKP has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research report on Tuesday, August 15th. Argus reiterated a buy rating and issued a $124.00 target price (up previously from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. BMO Capital Markets reiterated a market perform rating and issued a $115.00 target price (down previously from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Credit Suisse Group AG initiated coverage on shares of Check Point Software Technologies in a research report on Tuesday, September 5th. They issued a neutral rating and a $110.00 target price for the company. Finally, Jefferies Group LLC reiterated a buy rating and issued a $126.00 target price on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Twenty research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $113.60.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. AXA lifted its position in shares of Check Point Software Technologies by 20.6% in the second quarter. AXA now owns 187,805 shares of the technology company’s stock worth $20,486,000 after purchasing an additional 32,118 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Check Point Software Technologies by 7.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock worth $9,725,000 after purchasing an additional 5,914 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Check Point Software Technologies by 693.4% in the second quarter. JPMorgan Chase & Co. now owns 467,485 shares of the technology company’s stock worth $50,993,000 after purchasing an additional 408,560 shares in the last quarter. Martin Investment Management LLC lifted its position in shares of Check Point Software Technologies by 17.0% in the second quarter. Martin Investment Management LLC now owns 118,581 shares of the technology company’s stock worth $12,935,000 after purchasing an additional 17,204 shares in the last quarter. Finally, Pictet & Cie Europe SA lifted its position in shares of Check Point Software Technologies by 6.2% in the second quarter. Pictet & Cie Europe SA now owns 17,163 shares of the technology company’s stock worth $1,872,000 after purchasing an additional 1,000 shares in the last quarter. 68.07% of the stock is owned by institutional investors and hedge funds.

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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