Check Point Software Technologies (NASDAQ:CHKP – Get Rating) will be releasing its earnings data before the market opens on Wednesday, April 27th. Analysts expect Check Point Software Technologies to post earnings of $1.35 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last posted its quarterly earnings data on Thursday, February 3rd. The technology company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $599.10 million during the quarter, compared to analyst estimates of $586.42 million. Check Point Software Technologies had a net margin of 37.64% and a return on equity of 25.39%. Check Point Software Technologies’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 earnings per share. On average, analysts expect Check Point Software Technologies to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NASDAQ CHKP opened at $144.28 on Wednesday. The company has a fifty day moving average of $138.49 and a two-hundred day moving average of $124.94. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 3.04 and a beta of 0.62. Check Point Software Technologies has a 52 week low of $107.85 and a 52 week high of $149.62.
A number of institutional investors have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Check Point Software Technologies by 55.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 249 shares of the technology company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Check Point Software Technologies by 1.4% in the fourth quarter. 1832 Asset Management L.P. now owns 10,392 shares of the technology company’s stock worth $1,218,000 after purchasing an additional 141 shares in the last quarter. Cetera Investment Advisers raised its holdings in Check Point Software Technologies by 8.5% in the fourth quarter. Cetera Investment Advisers now owns 2,260 shares of the technology company’s stock worth $263,000 after purchasing an additional 177 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Check Point Software Technologies by 11.1% during the fourth quarter. MML Investors Services LLC now owns 2,852 shares of the technology company’s stock worth $332,000 after acquiring an additional 284 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Check Point Software Technologies by 5.1% during the third quarter. Dimensional Fund Advisors LP now owns 6,500 shares of the technology company’s stock worth $735,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.
Several research firms have commented on CHKP. StockNews.com began coverage on shares of Check Point Software Technologies in a research note on Thursday, March 31st. They set a “buy” rating for the company. BMO Capital Markets raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $150.00 to $157.00 in a research note on Thursday, February 17th. Summit Insights started coverage on shares of Check Point Software Technologies in a research note on Thursday, March 31st. They set a “buy” rating and a $160.00 price objective for the company. Credit Suisse Group lifted their target price on Check Point Software Technologies from $100.00 to $105.00 and gave the stock an “underperform” rating in a research report on Friday, February 4th. Finally, Morgan Stanley lifted their target price on Check Point Software Technologies from $116.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 4th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $139.06.
Check Point Software Technologies Company Profile (Get Rating)
Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.
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