Check Point Software Technologies logoCheck Point Software Technologies (NASDAQ:CHKP – Get Rating) is set to release its earnings data before the market opens on Thursday, October 27th. Analysts expect Check Point Software Technologies to post earnings of $1.45 per share for the quarter. Persons 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 announced its quarterly earnings data on Monday, August 1st. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Check Point Software Technologies has a net margin of 35.15% and a return on equity of 25.49%. The business had revenue of $571.10 million during the quarter, compared to the consensus estimate of $560.40 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. 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.

Check Point Software Technologies Trading Down 2.2%

NASDAQ CHKP opened at $111.85 on Thursday. Check Point Software Technologies has a 52 week low of $107.54 and a 52 week high of $149.62. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.43 and a beta of 0.61. The company has a 50-day moving average price of $117.48 and a two-hundred day moving average price of $123.49.

Analysts Set New Price Targets

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CHKP has been the subject of several recent analyst reports. OTR Global cut shares of Check Point Software Technologies from a “positive” rating to a “mixed” rating in a research report on Wednesday, October 5th. Bank of America upgraded shares of Check Point Software Technologies from an “underperform” rating to a “buy” rating and upped their target price for the stock from $130.00 to $140.00 in a research report on Wednesday, July 20th. StockNews.com initiated coverage on shares of Check Point Software Technologies in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Piper Sandler decreased their target price on shares of Check Point Software Technologies from $130.00 to $120.00 in a research report on Wednesday, July 13th. Finally, Sumitomo Mitsui Financial Group initiated coverage on shares of Check Point Software Technologies in a research report on Friday, October 7th. They issued a “neutral” rating and a $115.00 target price for the company. Five analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $136.11.

Institutional Trading of Check Point Software Technologies

Several large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings in Check Point Software Technologies by 75.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 568 shares of the technology company’s stock valued at $79,000 after purchasing an additional 244 shares during the period. Atlas Capital Advisors LLC lifted its holdings in shares of Check Point Software Technologies by 12,980.0% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,308 shares of the technology company’s stock worth $159,000 after acquiring an additional 1,298 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $205,000. Synovus Financial Corp acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $210,000. Finally, Mather Group LLC. acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $214,000. 67.03% of the stock is owned by institutional investors.

Check Point Software Technologies Company Profile

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Checkpoint Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoints, cloud, workloads, Internet of Things, and mobile.

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

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