Check Point Software Technologies Ltd. (NASDAQ:CHKP) dropped 4.6% during trading on Tuesday . The company traded as low as $78.39 and last traded at $79.83, with a volume of 2,807,196 shares changing hands. The stock had previously closed at $83.64.

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

The stock’s 50 day moving average price is $81.83 and its 200-day moving average price is $82.14. The company has a market cap of $13.96 billion and a P/E ratio of 21.02.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. During the same period last year, the firm posted $0.99 EPS. The company had revenue of $423 million for the quarter, compared to the consensus estimate of $422.19 million. The company’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post $4.54 earnings per share for the current year.

A number of large investors have bought and sold shares of CHKP. Aberdeen Asset Management PLC UK increased 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 worth $404,786,000 after buying an additional 528,770 shares in the last quarter. Schroder Investment Management Group increased its stake 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 in the last quarter. Wells Fargo & Company MN increased its stake 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 in the last quarter. Morgan Stanley increased 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 worth $25,804,000 after buying an additional 174,549 shares in the last quarter. Finally, Rail Splitter Capital Management LLC increased its stake 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 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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