Check Point Software Technologies Ltd. (NASDAQ:CHKP) was down 7.4% during mid-day trading on Thursday . The company traded as low as $115.21 and last traded at $119.99. Approximately 5,043,604 shares traded hands during mid-day trading, an increase of 395% from the average daily volume of 1,019,292 shares. The stock had previously closed at $129.53.

A number of research analysts have weighed in on the company. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Jefferies Financial Group lifted their target price on Check Point Software Technologies to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. Barclays lifted their target price on Check Point Software Technologies from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Deutsche Bank lifted their target price on Check Point Software Technologies from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Eighteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $120.84.

The stock has a market capitalization of $19.61 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.48 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.01. The company had revenue of $471.83 million for the quarter, compared to analyst estimates of $471.16 million. Check Point Software Technologies had a net margin of 42.85% and a return on equity of 22.77%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. As a group, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 5.49 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Weatherstone Capital Management boosted its stake in shares of Check Point Software Technologies by 3.2% during the first quarter. Weatherstone Capital Management now owns 2,874 shares of the technology company’s stock valued at $364,000 after purchasing an additional 88 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in shares of Check Point Software Technologies by 0.3% during the first quarter. Eqis Capital Management Inc. now owns 38,869 shares of the technology company’s stock worth $4,917,000 after purchasing an additional 99 shares during the last quarter. Curbstone Financial Management Corp raised its holdings in shares of Check Point Software Technologies by 0.6% during the fourth quarter. Curbstone Financial Management Corp now owns 17,000 shares of the technology company’s stock worth $1,745,000 after purchasing an additional 100 shares during the last quarter. Hartford Investment Management Co. raised its holdings in shares of Check Point Software Technologies by 2.1% during the fourth quarter. Hartford Investment Management Co. now owns 5,121 shares of the technology company’s stock worth $526,000 after purchasing an additional 106 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Check Point Software Technologies by 45.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after purchasing an additional 112 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

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About Check Point Software Technologies (NASDAQ:CHKP)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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