Check Point Software Technologies Ltd. (NASDAQ:CHKP) Lowered to “Positive” at OTR Global

Check Point Software Technologies Ltd. (NASDAQ:CHKP) was downgraded by equities researchers at OTR Global to a “positive” rating in a research report issued on Tuesday, October 17th, The Fly reports.

Several other equities analysts have also recently weighed in on CHKP. Northland Securities restated a “hold” rating and set a $120.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $128.00 price objective on shares of Check Point Software Technologies in a research note on Monday, October 2nd. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 11th. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, Stephens raised their price objective on Check Point Software Technologies from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $113.60.

Check Point Software Technologies (CHKP) traded down $0.44 on Tuesday, reaching $105.21. The company’s stock had a trading volume of 894,604 shares, compared to its average volume of 1,523,347. Check Point Software Technologies has a one year low of $80.78 and a one year high of $119.20. The stock has a market cap of $17,267.74, a P/E ratio of 22.24, a P/E/G ratio of 2.23 and a beta of 0.67.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas boosted its stake in Check Point Software Technologies by 122.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 278,543 shares of the technology company’s stock worth $31,759,000 after purchasing an additional 153,595 shares during the period. Rhumbline Advisers boosted its stake in Check Point Software Technologies by 30.4% in the 3rd quarter. Rhumbline Advisers now owns 27,995 shares of the technology company’s stock worth $3,192,000 after purchasing an additional 6,521 shares during the period. Todd Asset Management LLC boosted its stake in Check Point Software Technologies by 48.5% in the 3rd quarter. Todd Asset Management LLC now owns 198,386 shares of the technology company’s stock worth $22,620,000 after purchasing an additional 64,832 shares during the period. Tower Bridge Advisors boosted its stake in Check Point Software Technologies by 17.5% in the 3rd quarter. Tower Bridge Advisors now owns 45,151 shares of the technology company’s stock worth $5,148,000 after purchasing an additional 6,725 shares during the period. Finally, Retirement Systems of Alabama bought a new position in Check Point Software Technologies in the 3rd quarter worth about $4,406,000. Institutional investors and hedge funds own 68.23% of the company’s stock.

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.

The Fly

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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