Check Point Software Technologies Ltd. (NASDAQ:CHKP) had its target price decreased by stock analysts at J P Morgan Chase & Co from $123.00 to $121.00 in a note issued to investors on Wednesday. The firm currently has a “neutral” rating on the technology company’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 2.80% from the company’s previous close.

Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Cowen and Company reissued a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a research note on Friday, July 21st. Argus reissued a “buy” rating and set a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $126.00 target price on shares of Check Point Software Technologies in a research note on Thursday, October 19th. Twenty research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $113.17.

Shares of Check Point Software Technologies (CHKP) traded down 9.58% during midday trading on Wednesday, hitting $106.43. 3,149,662 shares of the company were exchanged. The firm’s 50 day moving average price is $115.23 and its 200 day moving average price is $110.63. Check Point Software Technologies has a one year low of $78.78 and a one year high of $119.20. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 23.61 and a beta of 0.72.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Polaris Greystone Financial Group LLC increased its holdings in Check Point Software Technologies by 22.8% during the third quarter. Polaris Greystone Financial Group LLC now owns 18,444 shares of the technology company’s stock worth $2,103,000 after buying an additional 3,429 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Check Point Software Technologies by 6.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,799 shares of the technology company’s stock worth $2,372,000 after buying an additional 1,200 shares during the last quarter. BT Investment Management Ltd increased its holdings in Check Point Software Technologies by 8.7% during the third quarter. BT Investment Management Ltd now owns 1,653,543 shares of the technology company’s stock worth $188,537,000 after buying an additional 132,949 shares during the last quarter. First Merchants Corp increased its holdings in Check Point Software Technologies by 11.3% during the third quarter. First Merchants Corp now owns 13,529 shares of the technology company’s stock worth $1,543,000 after buying an additional 1,372 shares during the last quarter. Finally, Andra AP fonden increased its holdings in Check Point Software Technologies by 4.8% during the third quarter. Andra AP fonden now owns 149,100 shares of the technology company’s stock worth $17,000,000 after buying an additional 6,800 shares during the last quarter. Institutional investors and hedge funds own 68.07% of the company’s stock.

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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