Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares saw unusually-high trading volume on Wednesday . Approximately 1,607,720 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 1,633,529 shares.The stock last traded at $81.53 and had previously closed at $79.74.

CHKP has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of Check Point Software Technologies from $85.00 to $92.00 and gave the company a “sector perform” rating in a report on Monday, April 18th. Raymond James Financial Inc. downgraded shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, April 21st. Topeka Capital Markets cut their price target on shares of Check Point Software Technologies from $102.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, March 30th. Bank of America Corp. reissued a “buy” rating on shares of Check Point Software Technologies in a report on Tuesday, April 19th. Finally, Sanford C. Bernstein assumed coverage on shares of Check Point Software Technologies in a report on Thursday, March 10th. They issued an “underperform” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $89.90.

The firm’s 50 day moving average is $82.72 and its 200 day moving average is $82.07. The company has a market capitalization of $14.15 billion and a P/E ratio of 21.30.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.03. The company earned $404 million during the quarter, compared to analysts’ expectations of $404.37 million. During the same quarter last year, the firm posted $0.95 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies Ltd. will post $4.54 EPS for the current year.

Several institutional investors recently made changes to their positions in CHKP. Aberdeen Asset Management PLC UK raised its stake in Check Point Software Technologies by 12.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 4,934,023 shares of the company’s stock valued at $404,786,000 after buying an additional 528,770 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in Check Point Software Technologies during the fourth quarter valued at about $40,550,000. Penserra Capital Management LLC acquired a new stake in Check Point Software Technologies during the fourth quarter valued at about $36,664,000. Swiss National Bank acquired a new stake in Check Point Software Technologies during the fourth quarter valued at about $26,188,000. Finally, Morgan Stanley raised its stake in Check Point Software Technologies by 122.5% in the fourth quarter. Morgan Stanley now owns 317,082 shares of the company’s stock valued at $25,804,000 after buying an additional 174,549 shares in the last quarter.

Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoint’s Software Blade architecture offers enterprises a common 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.

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