Check Point Software Technologies Ltd. (CHKP) Stock Rating Lowered by OTR Global

Check Point Software Technologies Ltd. (NASDAQ:CHKP) was downgraded by analysts at OTR Global to a “positive” rating in a research report issued on Tuesday.

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 company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Argus restated a “buy” rating and set a $124.00 price target (up from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. Finally, Barclays PLC restated a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Sixteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Check Point Software Technologies presently has an average rating of “Buy” and an average price target of $111.90.

Check Point Software Technologies (CHKP) opened at 118.005 on Tuesday. The firm has a 50-day moving average price of $113.84 and a 200 day moving average price of $109.72. The firm has a market capitalization of $19.27 billion, a price-to-earnings ratio of 26.183 and a beta of 0.72. Check Point Software Technologies has a 52 week low of $75.65 and a 52 week high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Check Point Software Technologies will post $5.18 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised 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 worth $151,000 after purchasing an additional 20 shares during the last quarter. Gateway Investment Advisers LLC increased its position in Check Point Software Technologies by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock valued at $263,000 after acquiring an additional 31 shares during the last quarter. Baldwin Investment Management LLC increased its position in Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock valued at $509,000 after acquiring an additional 34 shares during the last quarter. Trust Co. of Vermont increased its position in Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after acquiring an additional 39 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in Check Point Software Technologies by 0.8% during the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock valued at $580,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 67.83% of the c

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 company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Argus restated a “buy” rating and set a $124.00 price target (up from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. Finally, Barclays PLC restated a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Sixteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Check Point Software Technologies presently has an average rating of “Buy” and an average price target of $111.90.

Check Point Software Technologies (CHKP) opened at 118.005 on Tuesday. The firm has a 50-day moving average price of $113.84 and a 200 day moving average price of $109.72. The firm has a market capitalization of $19.27 billion, a price-to-earnings ratio of 26.183 and a beta of 0.72. Check Point Software Technologies has a 52 week low of $75.65 and a 52 week high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Check Point Software Technologies will post $5.18 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Check Point Software Technologies Ltd. (CHKP) Stock Rating Lowered by OTR Global” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/19/check-point-software-technologies-ltd-chkp-stock-rating-lowered-by-otr-global.html.

Several hedge funds have recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised 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 worth $151,000 after purchasing an additional 20 shares during the last quarter. Gateway Investment Advisers LLC increased its position in Check Point Software Technologies by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock valued at $263,000 after acquiring an additional 31 shares during the last quarter. Baldwin Investment Management LLC increased its position in Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock valued at $509,000 after acquiring an additional 34 shares during the last quarter. Trust Co. of Vermont increased its position in Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after acquiring an additional 39 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in Check Point Software Technologies by 0.8% during the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock valued at $580,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 67.83% 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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