BidaskClub downgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a hold rating to a sell rating in a research report released on Tuesday.

Several other equities analysts have also weighed in on CHKP. Northland Securities restated a hold rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a report on Thursday, September 28th. Oppenheimer reaffirmed a buy rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research note on Monday, October 2nd. Piper Jaffray Companies set a $108.00 target price on shares of Check Point Software Technologies and gave the company a hold rating in a research note on Friday, October 6th. Stephens upped their target price on shares of Check Point Software Technologies from $115.00 to $122.00 and gave the company an overweight rating in a research note on Tuesday, October 10th. Finally, OTR Global downgraded shares of Check Point Software Technologies to a positive rating in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. Check Point Software Technologies presently has an average rating of Hold and a consensus target price of $113.60.

Shares of Check Point Software Technologies (NASDAQ CHKP) traded up $1.28 during midday trading on Tuesday, reaching $104.48. 1,800,816 shares of the company traded hands, compared to its average volume of 1,130,000. Check Point Software Technologies has a fifty-two week low of $94.50 and a fifty-two week high of $119.20. The firm has a market capitalization of $17,080.00, a price-to-earnings ratio of 22.32, a P/E/G ratio of 2.04 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 31st. The technology company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Check Point Software Technologies had a net margin of 42.80% and a return on equity of 22.46%. equities research analysts expect that Check Point Software Technologies will post 4.82 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Koshinski Asset Management Inc. bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth $1,114,000. Vontobel Asset Management Inc. grew its position in Check Point Software Technologies by 1.1% in the fourth quarter. Vontobel Asset Management Inc. now owns 548,232 shares of the technology company’s stock valued at $56,810,000 after purchasing an additional 6,091 shares in the last quarter. Atria Investments LLC grew its position in Check Point Software Technologies by 11.1% in the fourth quarter. Atria Investments LLC now owns 8,786 shares of the technology company’s stock valued at $910,000 after purchasing an additional 878 shares in the last quarter. Starfire Investment Advisers Inc. bought a new position in Check Point Software Technologies in the fourth quarter valued at $531,000. Finally, AustralianSuper Pty Ltd bought a new position in Check Point Software Technologies in the third quarter valued at $24,970,000. 71.73% of the stock is owned by institutional investors.

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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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