Check Point Software Technologies Ltd. (NASDAQ:CHKP)’s share price 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.

A number of research firms have commented on CHKP. Citigroup Inc. cut shares of Check Point Software Technologies to a “neutral” rating and set a $88.00 target price on the stock. in a research note on Thursday, May 26th. Pacific Crest restated a “buy” rating on shares of Check Point Software Technologies in a research note on Sunday, May 22nd. Jefferies Group restated a “buy” rating on shares of Check Point Software Technologies in a research note on Friday, June 10th. Barclays PLC cut shares of Check Point Software Technologies from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $91.00 to $83.00 in a research note on Wednesday, June 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Check Point Software Technologies from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $90.58.

The stock has a 50 day moving average price of $78.02 and a 200 day moving average price of $81.86. The company has a market capitalization of $13.22 billion and a P/E ratio of 19.85.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The business had revenue of $423 million for 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 period in the previous year, the company earned $0.99 earnings per share. Analysts anticipate that Check Point Software Technologies Ltd. will post $4.47 EPS for the current year.

An institutional investor recently raised its position in Check Point Software Technologies stock. Schwab Charles Investment Management Inc. increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 273.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent 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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