BidaskClub lowered shares of Check Point Software Technologies (NASDAQ:CHKP) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other brokerages have also recently weighed in on CHKP. Barclays reduced their price target on Check Point Software Technologies from $110.00 to $106.00 and set an equal weight rating for the company in a research report on Wednesday, November 1st. Robert W. Baird reiterated a hold rating and issued a $115.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. KeyCorp reiterated a hold rating on shares of Check Point Software Technologies in a research report on Friday, October 27th. Piper Jaffray Companies set a $108.00 price target on Check Point Software Technologies and gave the company a hold rating in a research report on Friday, August 25th. Finally, Royal Bank of Canada reissued a hold rating and set a $105.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. Twenty-one research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $113.60.

Check Point Software Technologies (NASDAQ:CHKP) opened at $101.92 on Friday. The firm has a market capitalization of $16,868.94, a price-to-earnings ratio of 21.82, a PEG ratio of 2.21 and a beta of 0.62. Check Point Software Technologies has a 52-week low of $84.00 and a 52-week high of $119.20.

Several hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Check Point Software Technologies by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,406 shares of the technology company’s stock valued at $6,371,000 after buying an additional 4,607 shares during the period. Rhumbline Advisers lifted its holdings in shares of Check Point Software Technologies by 38.4% during the 2nd quarter. Rhumbline Advisers now owns 21,474 shares of the technology company’s stock valued at $2,342,000 after buying an additional 5,960 shares during the period. Legal & General Group Plc lifted its holdings in shares of Check Point Software Technologies by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 564,884 shares of the technology company’s stock valued at $61,618,000 after buying an additional 42,352 shares during the period. KBC Group NV lifted its holdings in shares of Check Point Software Technologies by 197.2% during the 2nd quarter. KBC Group NV now owns 36,090 shares of the technology company’s stock valued at $3,936,000 after buying an additional 23,947 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Check Point Software Technologies by 45.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 17,018 shares of the technology company’s stock valued at $1,856,000 after buying an additional 5,340 shares during the period. Hedge funds and other institutional investors own 71.60% of the company’s stock.

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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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