Oppenheimer Holdings, Inc. reissued their buy rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research note released on Monday morning. The firm currently has a $128.00 target price on the technology company’s stock.

CHKP has been the topic of a number of other reports. Barclays PLC reissued a hold rating and issued a $110.00 price target on shares of Check Point Software Technologies in a report on Sunday, July 23rd. Citigroup Inc. boosted their price target on 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 issued a $113.00 price target 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 target on the stock. Finally, Northland Securities reissued a hold rating and issued a $120.00 price target on shares of Check Point Software Technologies in a report on Friday, June 30th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Check Point Software Technologies currently has a consensus rating of Hold and a consensus target price of $111.08.

Shares of Check Point Software Technologies (CHKP) opened at 115.76 on Monday. The company has a market capitalization of $18.91 billion, a PE ratio of 25.68 and a beta of 0.72. Check Point Software Technologies has a 12 month low of $74.34 and a 12 month high of $116.68. The stock’s 50 day moving average price is $111.26 and its 200 day moving average price is $108.68.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating 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 firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. During the same period in the previous year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts forecast that Check Point Software Technologies will post $5.18 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.watchlistnews.com/oppenheimer-holdings-inc-reaffirms-buy-rating-for-check-point-software-technologies-ltd-chkp/1609288.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. bought a new position in shares of Check Point Software Technologies during the 2nd quarter valued at approximately $100,000. Acrospire Investment Management LLC increased its position in shares of Check Point Software Technologies by 150.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after purchasing an additional 600 shares during the last quarter. Fiduciary Trust Co. bought a new position in shares of Check Point Software Technologies during the 2nd quarter valued at approximately $145,000. Tower Research Capital LLC TRC bought a new position in shares of Check Point Software Technologies during the 2nd quarter valued at approximately $155,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Check Point Software Technologies by 1.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after purchasing an additional 20 shares during the last quarter. 67.82% of the stock is currently owned by hedge funds and other institutional investors.

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.