Check Point Software Technologies (NASDAQ:CHKP) had its target price hoisted by stock analysts at Oppenheimer from $130.00 to $145.00 in a research note issued on Monday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target indicates a potential upside of 10.10% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Deutsche Bank raised their price objective on Check Point Software Technologies from $110.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday. BidaskClub cut Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Barclays raised their price objective on Check Point Software Technologies from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday. Evercore ISI reissued a “hold” rating and issued a $105.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, January 31st. Finally, Mizuho initiated coverage on Check Point Software Technologies in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $122.00 price objective for the company. Seventeen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $120.84.

NASDAQ CHKP traded up $1.30 during midday trading on Monday, hitting $131.70. 28,294 shares of the company traded hands, compared to its average volume of 916,650. The stock has a market capitalization of $21.31 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.37 and a beta of 0.79. Check Point Software Technologies has a 52 week low of $93.76 and a 52 week high of $131.57.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, January 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $518.03 million. Check Point Software Technologies had a return on equity of 22.77% and a net margin of 42.85%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. As a group, analysts forecast that Check Point Software Technologies will post 5.49 EPS for the current year.

A number of hedge funds have recently modified their holdings of CHKP. Oregon Public Employees Retirement Fund raised its stake in Check Point Software Technologies by 39,495.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock worth $39,000 after acquiring an additional 3,980,748 shares during the last quarter. Pendal Group Ltd purchased a new position in Check Point Software Technologies in the 4th quarter worth $219,063,000. Nordea Investment Management AB purchased a new position in Check Point Software Technologies in the 3rd quarter worth $197,544,000. Norges Bank purchased a new position in Check Point Software Technologies in the 4th quarter worth $125,399,000. Finally, Fundsmith LLP purchased a new position in Check Point Software Technologies in the 4th quarter worth $49,177,000. Institutional investors own 68.02% of the company’s stock.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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