Wunderlich Securities Raises Check Point Software Technologies PT

Wunderlich Securities raised its Check Point Software Technologies CHKP price target from $49 to $60 in a research report published today. Wunderlich Securities maintained its Check Point Software Technologies Hold rating. In the report, Wunderlich Securities states, "Check Point (CHKP) reported solid June quarter results, driven by continued strong demand at the higher end from its enterprise customer base and demand for new software blades. With approximately 40% of the installed base currently upgraded to software blades, we believe the company remains in the early innings of a long and profitable upgrade cycle." Shares of Check Point Software Technologies were trading at $60.77 at the time of posting, down 0.65% from Monday's market close.