Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) 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 traded. The stock had previously closed at $82.48.

Several analysts recently weighed in on the company. Macquarie assumed coverage on Check Point Software Technologies in a research report on Friday, July 8th. They set a “neutral” rating and a $91.00 price objective for the company. Deutsche Bank AG downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $95.00 to $90.00 in a research report on Thursday, June 16th. Jefferies Group restated a “buy” rating on shares of Check Point Software Technologies in a research report on Friday, June 10th. Barclays PLC downgraded Check Point Software Technologies from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $91.00 to $83.00 in a research report on Wednesday, June 1st. Finally, Citigroup Inc. downgraded Check Point Software Technologies to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Thursday, May 26th. Two 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’s stock. Check Point Software Technologies has an average rating of “Hold” and an average price target of $89.97.

The company has a market cap of $14.15 billion and a P/E ratio of 21.30. The firm’s 50-day moving average price is $82.50 and its 200-day moving average price is $82.06.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, April 20th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The firm had revenue of $404 million for the quarter, compared to analysts’ expectations of $404.37 million. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. Equities research analysts forecast that Check Point Software Technologies Ltd. will post $4.54 EPS for the current fiscal year.

Several hedge funds recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Check Point Software Technologies by 35.2% in the fourth quarter. Private Advisor Group LLC now owns 12,341 shares of the company’s stock worth $1,004,000 after buying an additional 3,210 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $1,101,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Check Point Software Technologies by 102.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 15,800 shares of the company’s stock worth $1,286,000 after buying an additional 8,000 shares in the last quarter. Davidson & Garrard Inc. boosted its stake in shares of Check Point Software Technologies by 4.8% in the fourth quarter. Davidson & Garrard Inc. now owns 22,160 shares of the company’s stock worth $1,803,000 after buying an additional 1,005 shares in the last quarter. Finally, Comerica Bank boosted its stake 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 worth $2,035,000 after buying an additional 6,209 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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