Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares dropped 1.1% on Monday . The company traded as low as $76.09 and last traded at $76.49, with a volume of 474,957 shares changing hands. The stock had previously closed at $77.33.

CHKP has been the subject of a number of recent analyst reports. Robert W. Baird initiated coverage on shares of Check Point Software Technologies in a report on Tuesday, August 23rd. They issued a “neutral” rating and a $83.00 price objective for the company. Citigroup Inc. cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a report on Tuesday, May 10th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, July 27th. Barclays PLC cut shares of Check Point Software Technologies from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $91.00 to $83.00 in a report on Wednesday, June 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Two investment 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.58.

The company has a market cap of $13.03 billion and a price-to-earnings ratio of 19.56. The stock’s 50 day moving average price is $78.02 and its 200-day moving average price is $81.86.

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

An institutional investor recently bought a new position in Check Point Software Technologies stock. Airain ltd purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,884 shares of the company’s stock, valued at approximately $1,211,000.

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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