Check Point Software (NASDAQ: CHKP) had its target price lifted by Topeka Capital Markets from $63.00 to $68.00 in a report released on Monday.

“We reiterate our Buy rating and raise our price target to $68 from $63 as we initiate a 2014 EPS estimate of $3.76. Check Point, through its Software Blade strategy, continues to expand its addressable market. The recently announced Compliance Software Blade positions Check Point to address the $4 billion Security and Vulnerability Management (SVM) markets for the first time.,” the firm’s analyst commented.

A number of other analysts have also recently weighed in on CHKP. Analysts at TheStreet reiterated a buy rating on shares of Check Point Software in a research note to investors on Wednesday, March 6th. Finally, analysts at Zacks reiterated a neutral rating on shares of Check Point Software in a research note to investors on Wednesday, January 30th. They now have a $51.00 price target on the stock.

Nineteen investment analysts have rated the stock with a buy rating, two have issued an overweight rating, and eleven have issued a hold rating to the stock. Check Point Software has an average rating of overweight and a consensus target price of $55.00.

Check Point Software traded down 0.33% on Monday, hitting $50.74. Check Point Software has a 1-year low of $40.60 and a 1-year high of $65.00. The stock’s 50-day moving average is currently $50.89. The company has a market cap of $10.160 billion and a price-to-earnings ratio of 17.20.

Check Point Software Technologies Ltd. (Check Point) develops technologies to communications and transactions over the Internet by enterprises and consumers.

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