Check Point Software Technologies Ltd. (CHKP) Receives $113.40 Average Target Price from Brokerages

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned an average recommendation of “Hold” from the thirty analysts that are presently covering the firm, MarketBeat.com reports. Twenty equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $113.40.

Several equities analysts have issued reports on CHKP shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research report on Tuesday, August 15th. Argus reiterated a “buy” rating and set a $124.00 target price (up previously from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 target price (down previously from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Credit Suisse Group started coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $126.00 target price on shares of Check Point Software Technologies in a research report on Thursday, October 19th.

Check Point Software Technologies (NASDAQ:CHKP) traded down $0.97 during midday trading on Thursday, reaching $105.65. The company’s stock had a trading volume of 1,926,874 shares, compared to its average volume of 1,462,889. Check Point Software Technologies has a 52 week low of $80.78 and a 52 week high of $119.20. The firm has a market cap of $17,267.75, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.67.

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Hedge funds have recently bought and sold shares of the stock. BB&T Investment Services Inc. purchased a new stake in Check Point Software Technologies in the 2nd quarter valued at approximately $100,000. Acrospire Investment Management LLC lifted its stake in Check Point Software Technologies by 150.0% in the 2nd 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. purchased a new stake in Check Point Software Technologies in the 2nd quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Check Point Software Technologies by 1.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after purchasing an additional 20 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Check Point Software Technologies during the 2nd quarter worth $155,000. 68.07% 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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