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

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

Several other equities analysts also recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of Check Point Software Technologies from $95.00 to $100.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Wunderlich started coverage on shares of Check Point Software Technologies in a research note on Tuesday, September 13th. They issued a hold rating and a $80.00 price objective for the company. Robert W. Baird began coverage on shares of Check Point Software Technologies in a research note on Tuesday, August 23rd. They issued a neutral rating and a $83.00 price objective for the company. Zacks Investment Research upgraded shares of Check Point Software Technologies from a sell rating to a hold rating in a research note on Thursday, September 8th. Finally, Deutsche Bank AG downgraded shares of Check Point Software Technologies from a buy rating to a hold rating and decreased their target price for the stock from $95.00 to $90.00 in a research note on Thursday, June 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $89.19.

Check Point Software Technologies (NASDAQ:CHKP) opened at 75.03 on Wednesday. The stock has a 50 day moving average price of $75.96 and a 200-day moving average price of $81.32. Check Point Software Technologies has a one year low of $71.64 and a one year high of $89.98. The stock has a market capitalization of $12.83 billion, a P/E ratio of 19.26 and a beta of 0.91.

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

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of Check Point Software Technologies by 23.7% in the first quarter. IFP Advisors Inc now owns 1,272 shares of the company’s stock worth $111,000 after buying an additional 244 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Check Point Software Technologies during the second quarter worth $112,000. Trust Co. of Vermont increased its stake in shares of Check Point Software Technologies by 3.6% in the second quarter. Trust Co. of Vermont now owns 1,855 shares of the company’s stock worth $148,000 after buying an additional 65 shares in the last quarter. Invictus RG increased its stake in shares of Check Point Software Technologies by 10.3% in the second quarter. Invictus RG now owns 1,884 shares of the company’s stock worth $150,000 after buying an additional 176 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in shares of Check Point Software Technologies by 80.1% in the second quarter. Global X Management Co. LLC now owns 2,013 shares of the company’s stock worth $160,000 after buying an additional 895 shares in the last quarter. 73.81% of the stock is owned by institutional investors and hedge funds.

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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