Royal Bank Of Canada reaffirmed their hold rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a report published on Wednesday morning. Royal Bank Of Canada currently has a $105.00 price target on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Barclays PLC reiterated a hold rating and set a $110.00 price objective on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Citigroup Inc. increased their price objective on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the stock a neutral rating in a research report on Friday, July 21st. Cowen and Company reiterated a buy rating and set a $113.00 price objective on shares of Check Point Software Technologies in a research report on Friday, September 8th. Credit Suisse Group started coverage on shares of Check Point Software Technologies in a research report on Tuesday, September 5th. They set a neutral rating and a $110.00 price objective for the company. Finally, Northland Securities reiterated a hold rating and set a $120.00 price objective on shares of Check Point Software Technologies in a research report on Friday, June 30th. Sixteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $111.90.

Shares of Check Point Software Technologies (NASDAQ:CHKP) traded up 0.51% during trading on Wednesday, hitting $118.50. 773,246 shares of the stock were exchanged. The firm’s 50 day moving average price is $114.25 and its 200-day moving average price is $109.89. Check Point Software Technologies has a 52 week low of $76.87 and a 52 week high of $119.20. The stock has a market cap of $19.37 billion, a P/E ratio of 26.33 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. During the same period in the prior year, the company posted $1.09 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts predict that Check Point Software Technologies will post $5.18 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. bought a new position in shares of Check Point Software Technologies in the second quarter valued at $100,000. Acrospire Investment Management LLC lifted its stake in shares of Check Point Software Technologies by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after buying an additional 600 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Check Point Software Technologies in the second quarter valued at $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after buying an additional 20 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Check Point Software Technologies in the second quarter valued at $155,000. 67.83% of the stock is currently owned by hedge funds and other institutional investors.

About Check Point Software Technologies

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)

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