Check Point Software Technologies Ltd. (CHKP) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.

Check Point Software Technologies Ltd. (NASDAQ:CHKP)‘s stock had its “buy” rating reiterated by Oppenheimer Holdings, Inc. in a research note issued on Wednesday. They currently have a $128.00 price target on the technology company’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 20.05% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Barclays PLC restated a “hold” rating and issued a $110.00 price target on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Citigroup Inc. boosted their price target on Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Cowen and Company restated a “buy” rating and issued a $113.00 price target on shares of Check Point Software Technologies in a research report on Friday, September 8th. Credit Suisse Group initiated coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price target on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $115.00 target price (down previously from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $113.60.

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Several institutional investors have recently made changes to their positions in the company. River Road Asset Management LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter valued at about $228,000. Swiss National Bank grew its stake in shares of Check Point Software Technologies by 0.7% during the third quarter. Swiss National Bank now owns 722,900 shares of the technology company’s stock valued at $82,425,000 after acquiring an additional 4,700 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its stake in shares of Check Point Software Technologies by 42.4% during the third quarter. Jaffetilchin Investment Partners LLC now owns 11,896 shares of the technology company’s stock valued at $1,356,000 after acquiring an additional 3,540 shares in the last quarter. Maple Capital Management Inc. grew its stake in shares of Check Point Software Technologies by 4.2% during the third quarter. Maple Capital Management Inc. now owns 85,380 shares of the technology company’s stock valued at $9,735,000 after acquiring an additional 3,457 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Check Point Software Technologies by 26.6% during the third quarter. Prudential Financial Inc. now owns 92,854 shares of the technology company’s stock valued at $10,588,000 after acquiring an additional 19,516 shares in the last quarter. Institutional investors own 68.07% 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.

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