Check Point Software Technologies Ltd. (NASDAQ:CHKP)’s share price traded down 1% on Tuesday . The stock traded as low as $81.21 and last traded at $81.62, with a volume of 1,492,154 shares. The stock had previously closed at $82.48.

CHKP has been the subject of several analyst reports. Macquarie initiated coverage on shares of Check Point Software Technologies in a report on Friday. They issued a “neutral” rating and a $91.00 target price for the company. Deutsche Bank AG lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $95.00 to $90.00 in a report on Thursday, June 16th. Jefferies Group reissued a “buy” rating on shares of Check Point Software Technologies in a report on Friday, June 10th. Barclays PLC lowered shares of Check Point Software Technologies from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $91.00 to $83.00 in a report on Wednesday, June 1st. Finally, Citigroup Inc. lowered shares of Check Point Software Technologies to a “neutral” rating and set a $88.00 target price for the company. in a report on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $89.97.

The firm has a market capitalization of $14.12 billion and a price-to-earnings ratio of 21.26. The firm has a 50 day moving average of $82.62 and a 200-day moving average of $82.06.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, April 20th. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.03. The business had revenue of $404 million for the quarter, compared to analyst estimates of $404.37 million. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. Analysts predict that Check Point Software Technologies Ltd. will post $4.54 EPS for the current year.

Several hedge funds and institutional investors have made changes to their positions in CHKP. First Trust Advisors LP increased its position in shares of Check Point Software Technologies by 5.9% in the fourth quarter. First Trust Advisors LP now owns 262,521 shares of the company’s stock valued at $21,364,000 after buying an additional 14,655 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Check Point Software Technologies by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 60,041 shares of the company’s stock valued at $4,886,000 after buying an additional 831 shares during the last quarter. Comerica Bank increased its position in shares of Check Point Software Technologies by 30.5% in the fourth quarter. Comerica Bank now owns 26,538 shares of the company’s stock valued at $2,035,000 after buying an additional 6,209 shares during the last quarter. Stevens Capital Management LP increased its position in shares of Check Point Software Technologies by 2,467.2% in the fourth quarter. Stevens Capital Management LP now owns 72,497 shares of the company’s stock valued at $5,900,000 after buying an additional 69,673 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Check Point Software Technologies by 3.5% in the fourth quarter. New York State Common Retirement Fund now owns 719,454 shares of the company’s stock valued at $58,549,000 after buying an additional 24,513 shares during 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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