Northland Securities set a $120.00 price target on Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research note released on Wednesday. The firm currently has a hold rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on CHKP. KeyCorp restated a hold rating on shares of Check Point Software Technologies in a report on Friday, October 27th. BidaskClub cut Check Point Software Technologies from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 target price on Check Point Software Technologies and gave the stock a hold rating in a report on Friday, August 25th. Royal Bank Of Canada restated a hold rating and issued a $105.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 18th. Finally, Cowen and Company restated a buy rating and issued a $113.00 target price on shares of Check Point Software Technologies in a report on Friday, September 8th. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $113.60.

Shares of Check Point Software Technologies (NASDAQ CHKP) traded down $0.97 during midday trading on Wednesday, hitting $105.65. The company had a trading volume of 1,926,874 shares, compared to its average volume of 1,462,889. The firm 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 twelve month low of $80.78 and a twelve month high of $119.20.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHKP. BB&T Investment Services Inc. acquired a new stake in shares of Check Point Software Technologies in the second quarter worth about $100,000. Acrospire Investment Management LLC lifted its position in shares of Check Point Software Technologies by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after buying an additional 600 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Check Point Software Technologies in the second quarter worth about $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after buying an additional 20 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Check Point Software Technologies in the second quarter worth about $155,000. 68.07% of the stock is owned by hedge funds and other institutional investors.

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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