BidaskClub cut shares of Check Point Software Technologies (NASDAQ:CHKP) from a sell rating to a strong sell rating in a research note published on Tuesday morning, BidAskClub reports.

A number of other brokerages also recently commented on CHKP. Evercore ISI set a $105.00 price objective on Check Point Software Technologies and gave the company a hold rating in a research report on Wednesday, July 24th. Zacks Investment Research downgraded Check Point Software Technologies from a buy rating to a hold rating in a research report on Wednesday, April 24th. BMO Capital Markets reiterated an outperform rating and set a $125.00 price objective (up previously from $120.00) on shares of Check Point Software Technologies in a research report on Monday, April 22nd. OTR Global downgraded Check Point Software Technologies to a positive rating in a research report on Tuesday, July 16th. Finally, Northland Securities reiterated a neutral rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $124.47.

Shares of NASDAQ:CHKP opened at $108.98 on Tuesday. Check Point Software Technologies has a one year low of $98.57 and a one year high of $132.76. The stock has a fifty day moving average of $113.53 and a 200-day moving average of $117.84. The company has a market capitalization of $16.51 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.14. Check Point Software Technologies had a return on equity of 22.05% and a net margin of 40.99%. The company had revenue of $488.10 million during the quarter, compared to the consensus estimate of $487.53 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts expect that Check Point Software Technologies will post 5.49 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CHKP. BlackRock Inc. increased its position in Check Point Software Technologies by 11.7% during the first quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock worth $736,781,000 after buying an additional 612,046 shares during the last quarter. Schroder Investment Management Group increased its position in Check Point Software Technologies by 24.8% during the second quarter. Schroder Investment Management Group now owns 2,390,128 shares of the technology company’s stock worth $276,323,000 after buying an additional 474,495 shares during the last quarter. Pendal Group Ltd increased its position in Check Point Software Technologies by 10.1% during the second quarter. Pendal Group Ltd now owns 2,349,995 shares of the technology company’s stock worth $271,683,000 after buying an additional 215,915 shares during the last quarter. APG Asset Management N.V. increased its position in Check Point Software Technologies by 3.9% during the second quarter. APG Asset Management N.V. now owns 2,322,372 shares of the technology company’s stock worth $235,765,000 after buying an additional 86,700 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in Check Point Software Technologies by 1,576.6% during the first quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock worth $208,921,000 after buying an additional 1,553,162 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.

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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