Check Point Software Technologies’ (CHKP) “Buy” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research note released on Thursday, October 19th. They currently have a $126.00 target price on the technology company’s stock.

CHKP has been the topic of several other reports. BidaskClub upgraded Check Point Software Technologies from a hold rating to a buy rating in a research report on Thursday, August 24th. Piper Jaffray Companies set a $108.00 price target on Check Point Software Technologies and gave the stock a hold rating in a research report on Friday, October 6th. OTR Global lowered Check Point Software Technologies to a positive rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered Check Point Software Technologies from a buy rating to a hold rating in a research report on Tuesday, July 4th. Finally, Argus reiterated a buy rating and issued a $124.00 price objective (up from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. Seventeen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $111.90.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 117.50 on Thursday. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 26.07 and a beta of 0.72. The firm has a 50-day moving average of $114.68 and a 200 day moving average of $110.24. Check Point Software Technologies has a one year low of $78.78 and a one year high of $119.20.

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Several institutional investors have recently made changes to their positions in CHKP. BB&T Investment Services Inc. purchased a new position in shares of Check Point Software Technologies in the second quarter valued at about $100,000. Acrospire Investment Management LLC lifted its position 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 acquiring an additional 600 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Check Point Software Technologies in the second quarter valued at about $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position 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 acquiring an additional 20 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Check Point Software Technologies in the second quarter valued at about $155,000. Institutional investors and hedge funds own 68.02% of the company’s stock.

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)

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