Check Point Software Technologies (NASDAQ:CHKP – Get Rating) will release its earnings data ahead of market open on Wednesday, April 27. Analysts expect Check Point Software Technologies to post earnings of $1.35 per share for the quarter. Those 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 released its quarterly earnings data on Thursday, February 3. The technology company reported EPS of $2.02 for the quarter, beating the consensus estimate of $1.89 by $0.13. The company posted revenue of $599.10 million in the quarter, versus analyst estimates of $586.42 million. Check Point Software Technologies posted a net margin of 37.64% and a return on equity of 25.39%. Check Point Software Technologies quarterly revenue increased 6.3% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $1.98. On average, analysts expect Check Point Software Technologies to post EPS of $6 for the current fiscal year and EPS of $7 for the next fiscal year.

The 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 company has a market capitalization of $19.79 billion, a price/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 minimum of $107.85 and a 52 week maximum of $149.62.

A number of institutional investors have recently changed their positions in the company. Bank Julius Baer & Cie AG Zurich increased its stake 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 worth $29,000 after buying 89 more shares in the last quarter. 1832 Asset Management LP increased its stake in Check Point Software Technologies by 1.4% in the fourth quarter. 1832 Asset Management LP now owns 10,392 shares of the technology company worth $1,218,000 after buying 141 additional shares in the last quarter. Cetera Investment Advisers increased its stake in Check Point Software Technologies by 8.5% in the fourth quarter. Cetera Investment Advisers now owns 2,260 shares of the technology company worth $263,000 after buying 177 additional shares in the last quarter. MML Investors Services LLC increased 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 worth $332,000 after acquiring 284 additional shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $735,000 after acquiring 314 additional shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s shares.

Several research companies have commented on CHKP. StockNews.com began covering shares of Check Point Software Technologies in a research note on Thursday, March 31. They set a “buy” rating for the company. BMO Capital Markets upgraded Check Point Software Technologies shares from a “market performance” rating to an “outperform” rating and raised its price target for the stock from $150.00 to 157.00 $ in a research note from Thursday, February 17. Summit Insights began covering Check Point Software Technologies stocks in a research note on Thursday, March 31. They set a “buy” rating and a price target of $160.00 for the company. Credit Suisse Group raised its price target on Check Point Software Technologies from $100.00 to $105.00 and gave the stock an “underperforming” rating in a Friday, Feb. 4 research report. Finally, Morgan Stanley raised its price target on Check Point Software Technologies from $116.00 to $120.00 and gave the stock an “underweight” rating in a Friday, Feb. 4 research report. Six investment analysts gave the stock a sell rating, four gave the company a hold rating and eight gave the company a buy rating. 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 a rating)

Check Point Software Technologies Ltd. engages in the development and marketing 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.

See also

Earnings History for Check Point Software Technologies (NASDAQ:CHKP)



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