Check Point Software Technologies Ltd. (NASDAQ:CHKP) issued its quarterly earnings data on Thursday. The technology company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04, MarketWatch Earnings reports. The firm had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. Check Point Software Technologies had a return on equity of 21.53% and a net margin of 41.75%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS.

Shares of Check Point Software Technologies (NASDAQ CHKP) opened at 115.72 on Thursday. The stock has a market capitalization of $19.11 billion, a P/E ratio of 26.83 and a beta of 0.73. Check Point Software Technologies has a one year low of $74.34 and a one year high of $116.63. The stock’s 50 day moving average price is $112.19 and its 200 day moving average price is $103.91.

A number of research analysts recently commented on CHKP shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $115.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 6th. Morgan Stanley upgraded Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $87.00 to $107.00 in a research note on Tuesday, April 18th. BMO Capital Markets restated a “market perform” rating and set a $116.00 price objective (up from $110.00) on shares of Check Point Software Technologies in a research note on Friday, April 21st. Cleveland Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, April 24th. Finally, BTIG Research restated a “buy” rating and set a $118.00 price objective on shares of Check Point Software Technologies in a research note on Monday, April 24th. Eighteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $108.07.

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Several hedge funds and other institutional investors have recently bought and sold shares of CHKP. Putnam Investments LLC bought a new position in Check Point Software Technologies during the fourth quarter valued at about $201,000. Quadrature Capital Ltd raised its position in Check Point Software Technologies by 346.6% in the fourth quarter. Quadrature Capital Ltd now owns 11,997 shares of the technology company’s stock valued at $1,013,000 after buying an additional 9,311 shares in the last quarter. Teachers Advisors LLC raised its position in Check Point Software Technologies by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 102,913 shares of the technology company’s stock valued at $8,692,000 after buying an additional 8,174 shares in the last quarter. Harding Loevner LP raised its position in Check Point Software Technologies by 31.8% in the first quarter. Harding Loevner LP now owns 5,565,861 shares of the technology company’s stock valued at $571,391,000 after buying an additional 1,342,443 shares in the last quarter. Finally, Nepsis Capital Management Inc. bought a new position in Check Point Software Technologies during the first quarter valued at about $5,314,000. Institutional investors and hedge funds own 72.42% 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.

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

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