Check Point Software Technologies Ltd. (NASDAQ:CHKP)’s share price was up 2.2% during mid-day trading on Monday . The company traded as high as $83.60 and last traded at $83.51, with a volume of 1,228,362 shares traded. The stock had previously closed at $81.73.

A number of equities analysts recently issued reports on CHKP shares. Topeka Capital Markets lowered their price objective on shares of Check Point Software Technologies from $102.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, March 30th. OTR Global raised shares of Check Point Software Technologies to a “positive” rating in a report on Thursday, April 7th. Royal Bank Of Canada boosted their target price on shares of Check Point Software Technologies from $85.00 to $92.00 and gave the stock a “sector perform” rating in a report on Monday, April 18th. Bank of America Corp. reissued a “buy” rating on shares of Check Point Software Technologies in a report on Tuesday, April 19th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $95.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $89.30.

The stock has a 50-day moving average of $81.87 and a 200 day moving average of $82.05. The company has a market cap of $14.50 billion and a price-to-earnings ratio of 21.83.

A number of institutional investors recently added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK raised its position 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 worth $404,786,000 after buying an additional 528,770 shares during the period. Schroder Investment Management Group raised its position in Check Point Software Technologies by 2.6% in the fourth quarter. Schroder Investment Management Group now owns 4,596,826 shares of the company’s stock worth $374,090,000 after buying an additional 117,244 shares during the period. Wells Fargo & Company MN raised its position in Check Point Software Technologies by 13.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,276,855 shares of the company’s stock worth $103,910,000 after buying an additional 153,105 shares during the period. Morgan Stanley raised its position in Check Point Software Technologies by 122.5% in the fourth quarter. Morgan Stanley now owns 317,082 shares of the company’s stock worth $25,804,000 after buying an additional 174,549 shares during the period. Finally, Rail Splitter Capital Management LLC raised its position in Check Point Software Technologies by 14.4% in the fourth quarter. Rail Splitter Capital Management LLC now owns 151,081 shares of the company’s stock worth $12,295,000 after buying an additional 19,030 shares during the period.

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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