Guggenheim initiated coverage on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research report released on Wednesday morning. The brokerage issued a neutral rating on the stock.

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

Other analysts also recently issued reports about the stock. Jefferies Group reaffirmed a buy rating on shares of Check Point Software Technologies in a report on Friday, June 10th. Pacific Crest reaffirmed a buy rating on shares of Check Point Software Technologies in a report on Sunday, May 22nd. Needham & Company LLC upped their price objective on shares of Check Point Software Technologies from $95.00 to $100.00 and gave the stock a buy rating in a report on Wednesday, July 27th. Wunderlich upped their price objective on shares of Check Point Software Technologies from $95.00 to $105.00 and gave the stock a buy rating in a report on Wednesday, July 27th. Finally, Deutsche Bank AG downgraded shares of Check Point Software Technologies from a buy rating to a hold rating and decreased their price objective for the stock from $95.00 to $90.00 in a report on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Check Point Software Technologies currently has an average rating of Hold and an average target price of $89.19.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 75.03 on Wednesday. The company’s 50 day moving average is $75.96 and its 200-day moving average is $81.32. The company has a market cap of $12.83 billion, a P/E ratio of 19.26 and a beta of 0.91. Check Point Software Technologies has a 12 month low of $71.64 and a 12 month high of $89.98.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The business earned $423 million during the quarter, compared to the consensus estimate of $422.19 million. Check Point Software Technologies had a net margin of 41.19% and a return on equity of 20.18%. Check Point Software Technologies’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Analysts expect that Check Point Software Technologies will post $4.47 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CHKP. Aperio Group LLC raised its position in shares of Check Point Software Technologies by 10.1% in the first quarter. Aperio Group LLC now owns 126,370 shares of the company’s stock valued at $11,054,000 after buying an additional 11,621 shares during the period. Commonwealth Equity Services Inc raised its position in shares of Check Point Software Technologies by 16.8% in the first quarter. Commonwealth Equity Services Inc now owns 14,343 shares of the company’s stock valued at $1,255,000 after buying an additional 2,061 shares during the period. Wade G W & Inc. raised its position in shares of Check Point Software Technologies by 3.0% in the first quarter. Wade G W & Inc. now owns 4,435 shares of the company’s stock valued at $388,000 after buying an additional 129 shares during the period. Raymond James Trust N.A. raised its position in shares of Check Point Software Technologies by 27.7% in the first quarter. Raymond James Trust N.A. now owns 8,865 shares of the company’s stock valued at $776,000 after buying an additional 1,923 shares during the period. Finally, Boston Advisors LLC raised its position in shares of Check Point Software Technologies by 4.8% in the first quarter. Boston Advisors LLC now owns 221,625 shares of the company’s stock valued at $19,386,000 after buying an additional 10,090 shares during the period. 73.81% of the stock is currently owned by institutional investors.

Check Point Software Technologies Company Profile

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.

5 Day Chart for NASDAQ:CHKP

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