Check Point Software Technologies Ltd. (NASDAQ:CHKP) shot up 1.6% on Friday . The stock traded as high as $77.25 and last traded at $77.16, with a volume of 1,683,786 shares. The stock had previously closed at $75.94.

Several brokerages recently weighed in on CHKP. Citigroup Inc. downgraded Check Point Software Technologies to a “neutral” rating and set a $88.00 price target for the company. in a report on Thursday, May 26th. Robert W. Baird began coverage on Check Point Software Technologies in a report on Tuesday. They set a “neutral” rating and a $83.00 price target for the company. Barclays PLC downgraded Check Point Software Technologies from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $91.00 to $83.00 in a report on Wednesday, June 1st. Pacific Crest reaffirmed a “buy” rating on shares of Check Point Software Technologies in a report on Sunday, May 22nd. Finally, Wunderlich increased their price target on Check Point Software Technologies from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $90.58.

The stock has a market cap of $13.22 billion and a price-to-earnings ratio of 19.85. The firm’s 50-day moving average is $78.02 and its 200-day moving average is $81.86.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The firm earned $423 million during the quarter, compared to analyst estimates of $422.19 million. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post $4.47 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Check Point Software Technologies stock. Schwab Charles Investment Management Inc. increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 273.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,734 shares of the company’s stock after buying an additional 16,642 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Check Point Software Technologies were worth $1,851,000 as of its most recent SEC filing.

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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