Equities research analysts at Piper Jaffray Companies began coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a report released on Friday, Benzinga’s Daily Ratings Newsletter reports. The brokerage set a “neutral” rating and a $117.00 price target on the technology company’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 1.76% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $114.00 price objective on the stock in a report on Monday, September 30th. Jefferies Financial Group cut Check Point Software Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $140.00 to $115.00 in a research note on Monday, October 7th. Barclays decreased their target price on Check Point Software Technologies from $127.00 to $116.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. BidaskClub cut Check Point Software Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, Northland Securities reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $118.47.

CHKP stock traded up $0.39 during trading on Friday, hitting $114.98. 34,711 shares of the company’s stock traded hands, compared to its average volume of 1,209,659. Check Point Software Technologies has a 52 week low of $98.57 and a 52 week high of $132.76. The stock has a fifty day moving average price of $109.55 and a two-hundred day moving average price of $112.73. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Monday, October 28th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.04. The company had revenue of $490.91 million during the quarter, compared to the consensus estimate of $490.94 million. Check Point Software Technologies had a net margin of 40.05% and a return on equity of 21.86%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 earnings per share. As a group, equities analysts forecast that Check Point Software Technologies will post 5.51 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Integre Asset Management LLC purchased a new position in shares of Check Point Software Technologies in the second quarter worth about $2,259,000. CWM LLC boosted its position in shares of Check Point Software Technologies by 63.8% in the 2nd quarter. CWM LLC now owns 42,322 shares of the technology company’s stock worth $4,893,000 after purchasing an additional 16,481 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in Check Point Software Technologies by 10.2% in the 2nd quarter. AMP Capital Investors Ltd now owns 76,207 shares of the technology company’s stock worth $8,781,000 after acquiring an additional 7,035 shares during the last quarter. Carnick & Kubik Group LLC purchased a new position in Check Point Software Technologies in the 2nd quarter worth approximately $838,000. Finally, M&T Bank Corp raised its holdings in Check Point Software Technologies by 10.1% in the 2nd quarter. M&T Bank Corp now owns 13,486 shares of the technology company’s stock worth $1,559,000 after acquiring an additional 1,241 shares during the last quarter. 70.84% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Company Profile

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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