Check Point Software Technologies Ltd. (CHKP) Receives Hold Rating from Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in a research note issued to investors on Wednesday morning. They currently have a $115.00 target price on the technology company’s stock.

Several other research analysts also recently weighed in on the stock. Oppenheimer Holdings, Inc. restated a buy rating and set a $128.00 price target on shares of Check Point Software Technologies in a research report on Wednesday. J P Morgan Chase & Co reduced their price target on shares of Check Point Software Technologies from $123.00 to $121.00 and set a neutral rating for the company in a research report on Wednesday. Credit Suisse Group restated a neutral rating and set a $105.00 price target (down previously from $110.00) on shares of Check Point Software Technologies in a research report on Wednesday. Royal Bank Of Canada reduced their price target on shares of Check Point Software Technologies from $120.00 to $115.00 and set a sector perform rating for the company in a research report on Wednesday. Finally, Stephens downgraded shares of Check Point Software Technologies from an overweight rating to an equal weight rating and set a $110.00 price target for the company. in a research report on Wednesday. Twenty equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $113.60.

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Large investors have recently bought and sold shares of the stock. BB&T Investment Services Inc. purchased a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $100,000. Acrospire Investment Management LLC boosted its position in shares of Check Point Software Technologies by 150.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after purchasing an additional 600 shares during the period. Fiduciary Trust Co. purchased a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Check Point Software Technologies by 1.4% during the 2nd 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 period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $155,000. 68.07% of the stock is owned by hedge funds and other 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.

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