Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “outperform” rating reissued by equities research analysts at Oppenheimer Holdings, Inc. in a research report issued on Tuesday. They currently have a $128.00 price target on the technology company’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 18.24% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Citigroup Inc. increased their price target on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Cowen and Company reissued a “buy” rating and set a $113.00 price target on shares of Check Point Software Technologies in a report on Friday, July 21st. Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets reissued a “market perform” rating and set a $116.00 price target (up from $110.00) on shares of Check Point Software Technologies in a report on Friday, April 21st. Finally, Susquehanna Bancshares Inc assumed coverage on shares of Check Point Software Technologies in a report on Wednesday, June 7th. They set a “positive” rating and a $132.00 price target for the company. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $109.47.

Shares of Check Point Software Technologies (NASDAQ CHKP) opened at 108.25 on Tuesday. Check Point Software Technologies has a 52-week low of $74.34 and a 52-week high of $116.63. The firm has a market capitalization of $17.68 billion, a PE ratio of 24.02 and a beta of 0.72. The stock’s 50 day moving average price is $109.27 and its 200-day moving average price is $105.80.

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

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Hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Check Point Software Technologies by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 102,913 shares of the technology company’s stock worth $8,692,000 after buying an additional 8,174 shares during the period. Creative Planning raised its stake in shares of Check Point Software Technologies by 16.7% in the first quarter. Creative Planning now owns 5,821 shares of the technology company’s stock worth $598,000 after buying an additional 835 shares during the period. Bank of Montreal Can raised its stake in shares of Check Point Software Technologies by 3.5% in the first quarter. Bank of Montreal Can now owns 81,316 shares of the technology company’s stock worth $8,348,000 after buying an additional 2,767 shares during the period. Eastern Bank purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $339,000. Finally, Cim LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $227,000. Hedge funds and other institutional investors own 71.65% of the company’s stock.

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)

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