BidaskClub upgraded shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) from a buy rating to a strong-buy rating in a research note released on Wednesday.

Several other research firms also recently commented on CHKP. BMO Capital Markets reiterated a market perform rating and issued a $116.00 price objective (up previously from $110.00) on shares of Check Point Software Technologies in a research note on Friday, April 21st. Citigroup Inc. upped their price objective on Check Point Software Technologies from $109.00 to $111.00 and gave the company a neutral rating in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $115.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 6th. Jefferies Group LLC reiterated a buy rating and issued a $118.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 27th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $105.00 price objective on shares of Check Point Software Technologies in a research note on Friday, April 28th. Eighteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $108.07.

Check Point Software Technologies (NASDAQ CHKP) traded up 0.22% during mid-day trading on Wednesday, reaching $114.33. The company had a trading volume of 495,865 shares. The company’s 50-day moving average is $111.10 and its 200-day moving average is $101.20. Check Point Software Technologies has a one year low of $74.34 and a one year high of $115.87. The stock has a market capitalization of $18.88 billion, a PE ratio of 26.51 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. Check Point Software Technologies had a return on equity of 21.53% and a net margin of 41.75%. The business had revenue of $435.50 million for the quarter, compared to the consensus estimate of $432.41 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Check Point Software Technologies will post $5.17 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/07/17/check-point-software-technologies-ltd-chkp-raised-to-strong-buy-at-bidaskclub.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. Crestwood Advisors Group LLC purchased a new position in Check Point Software Technologies during the first quarter worth approximately $154,000. Bronfman E.L. Rothschild L.P. boosted its position in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after buying an additional 146 shares in the last quarter. IFP Advisors Inc boosted its position in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock worth $153,000 after buying an additional 371 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock worth $173,000 after buying an additional 202 shares in the last quarter. 72.42% of the stock is currently 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 Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a 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.

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

Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.