Check Point Software Technologies Ltd. (CHKP) Given Average Rating of “Hold” by Brokerages

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been given a consensus recommendation of “Hold” by the thirty ratings firms that are covering the firm, Marketbeat.com reports. Twenty research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $113.40.

CHKP has been the topic of a number of recent research reports. Cowen restated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, September 8th. Credit Suisse Group initiated coverage on Check Point Software Technologies in a research note on Tuesday, September 5th. They set a “neutral” rating and a $110.00 price objective on the stock. BTIG Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $100.00 price objective on shares of Check Point Software Technologies in a research note on Friday, November 3rd. Finally, Jefferies Group restated a “buy” rating and set a $126.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, October 19th.

Check Point Software Technologies (NASDAQ CHKP) opened at $103.21 on Friday. Check Point Software Technologies has a fifty-two week low of $84.00 and a fifty-two week high of $119.20. The firm has a market capitalization of $17,060.00, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.25 and a beta of 0.62.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harding Loevner LP increased its holdings in Check Point Software Technologies by 3,559.4% in the third quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock valued at $495,041,000 after buying an additional 208,440,017 shares during the last quarter. Veritas Asset Management LLP bought a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $482,664,000. BT Investment Management Ltd bought a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $165,866,000. Koch Industries Inc. grew its holdings in shares of Check Point Software Technologies by 41,297.0% during the second quarter. Koch Industries Inc. now owns 1,148,354 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 1,145,580 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Check Point Software Technologies by 336.7% during the second quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock valued at $125,709,000 after purchasing an additional 888,530 shares during the last quarter. 71.60% of the stock is currently owned by institutional investors and hedge funds.

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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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