Jefferies Group LLC reaffirmed their buy rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research report report published on Thursday morning. Jefferies Group LLC currently has a $126.00 price target on the technology company’s stock.

Several other research analysts also recently weighed in on the company. Barclays PLC reiterated a hold rating and set a $110.00 price target on shares of Check Point Software Technologies in a research note on Sunday, July 23rd. Citigroup Inc. increased their price target on Check Point Software Technologies from $111.00 to $112.00 and gave the stock a neutral rating in a research note on Friday, July 21st. Cowen and Company reiterated a buy rating and set a $113.00 price target on shares of Check Point Software Technologies in a research note on Friday, September 8th. Credit Suisse Group started coverage on Check Point Software Technologies in a research note on Tuesday, September 5th. They set a neutral rating and a $110.00 price target for the company. Finally, Northland Securities reiterated a hold rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Friday, June 30th. Sixteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $111.90.

Shares of Check Point Software Technologies (CHKP) opened at 118.50 on Thursday. Check Point Software Technologies has a 12-month low of $76.87 and a 12-month high of $119.20. The stock’s 50 day moving average price is $114.25 and its 200-day moving average price is $109.89. The firm has a market cap of $19.35 billion, a P/E ratio of 26.29 and a beta of 0.72.

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 for the quarter, topping the consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. On average, analysts predict that Check Point Software Technologies will post $5.18 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in CHKP. BB&T Investment Services Inc. purchased a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $100,000. Acrospire Investment Management LLC raised its holdings 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 buying an additional 600 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings 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 buying an additional 20 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $155,000. 67.83% of the stock is currently owned by 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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