Check Point Software Technologies Ltd. (CHKP) PT Lowered to $106.00

Check Point Software Technologies Ltd. (NASDAQ:CHKP) had its price objective cut by equities research analysts at Barclays PLC from $110.00 to $106.00 in a research note issued on Wednesday. The brokerage presently has an “equal weight” rating on the technology company’s stock. Barclays PLC’s price objective suggests a potential downside of 9.95% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Argus reissued a “buy” rating and issued 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. BidaskClub downgraded shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $126.00 target price on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Twenty equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $112.51.

Check Point Software Technologies (CHKP) traded down 12.59% during trading on Wednesday, reaching $102.89. 6,501,026 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $115.23 and a 200 day moving average price of $110.63. Check Point Software Technologies has a 1-year low of $78.78 and a 1-year high of $119.20. The stock has a market capitalization of $16.80 billion, a P/E ratio of 22.83 and a beta of 0.72.

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Several large investors have recently modified their holdings of the company. Polaris Greystone Financial Group LLC lifted its stake in shares of Check Point Software Technologies by 22.8% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 18,444 shares of the technology company’s stock worth $2,103,000 after acquiring an additional 3,429 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Check Point Software Technologies by 6.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,799 shares of the technology company’s stock worth $2,372,000 after acquiring an additional 1,200 shares during the period. BT Investment Management Ltd lifted its stake in shares of Check Point Software Technologies by 8.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,653,543 shares of the technology company’s stock worth $188,537,000 after acquiring an additional 132,949 shares during the period. First Merchants Corp lifted its stake in shares of Check Point Software Technologies by 11.3% in the 3rd quarter. First Merchants Corp now owns 13,529 shares of the technology company’s stock worth $1,543,000 after acquiring an additional 1,372 shares during the period. Finally, Andra AP fonden lifted its stake in shares of Check Point Software Technologies by 4.8% in the 3rd quarter. Andra AP fonden now owns 149,100 shares of the technology company’s stock worth $17,000,000 after acquiring an additional 6,800 shares during the period. 68.07% of the stock is owned by 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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