Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) rose 2.2% on Monday . The company traded as high as $83.60 and last traded at $83.51, with a volume of 1,228,362 shares changing hands. The stock had previously closed at $81.73.

CHKP has been the subject of a number of research reports. Topeka Capital Markets lowered their target price 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. Citigroup Inc. lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $88.00 target price for the company. in a research note on Tuesday, May 10th. Raymond James Financial Inc. lowered Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 21st. Deutsche Bank AG cut Check Point Software Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $95.00 to $90.00 in a report on Thursday, June 16th. Finally, Zacks Investment Research cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $90.85.

The stock has a market cap of $13.70 billion and a price-to-earnings ratio of 20.62. The stock’s 50 day moving average price is $81.69 and its 200 day moving average price is $82.17.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm earned $423 million during the quarter, compared to analyst estimates of $422.19 million. Check Point Software Technologies’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post $4.54 earnings per share for the current year.

Several large investors recently modified their holdings of CHKP. Airain ltd bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at $1,211,000. Rail Splitter Capital Management LLC boosted its stake in shares of 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 valued at $12,295,000 after buying an additional 19,030 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at $8,057,000. QCI Asset Management Inc. NY boosted its stake in shares of Check Point Software Technologies by 2.0% in the fourth quarter. QCI Asset Management Inc. NY now owns 113,918 shares of the company’s stock valued at $9,271,000 after buying an additional 2,221 shares during the last quarter. Finally, Strategic Global Advisors LLC boosted its stake in shares of Check Point Software Technologies by 52.4% in the fourth quarter. Strategic Global Advisors LLC now owns 27,927 shares of the company’s stock valued at $2,273,000 after buying an additional 9,602 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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