Equities research analysts expect that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will report $449.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Check Point Software Technologies’ earnings. The lowest sales estimate is $439.21 million and the highest is $457.90 million. Check Point Software Technologies posted sales of $427.57 million during the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The company is expected to announce its next earnings report after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that Check Point Software Technologies will report full year sales of $449.39 million for the current fiscal year, with estimates ranging from $1.85 billion to $1.88 billion. For the next year, analysts forecast that the company will post sales of $2.00 billion per share, with estimates ranging from $1.97 billion to $2.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. During the same period last year, the company earned $1.09 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year.

A number of equities analysts recently issued reports on CHKP shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a report on Tuesday, August 15th. Argus reiterated a “buy” rating and issued a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price target (down from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Credit Suisse Group began coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price target for the company. Finally, BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Sixteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Buy” and a consensus target price of $111.90.

Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 118.50 on Monday. The firm has a market capitalization of $19.35 billion, a P/E ratio of 26.29 and a beta of 0.72. Check Point Software Technologies has a 12-month low of $76.87 and a 12-month high of $119.20. The stock has a 50 day moving average of $114.25 and a 200-day moving average of $109.89.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Check Point Software Technologies by 1.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after acquiring an additional 20 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in Check Point Software Technologies by 1.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after acquiring an additional 31 shares during the last quarter. Baldwin Investment Management LLC increased its holdings in Check Point Software Technologies by 0.7% in the 2nd quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after acquiring an additional 34 shares during the last quarter. Trust Co. of Vermont increased its holdings in Check Point Software Technologies by 2.2% in the 2nd quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after acquiring an additional 39 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in Check Point Software Technologies by 0.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock worth $580,000 after acquiring an additional 41 shares during the last quarter. 67.83% of the stock is owned by institutional investors.

Check Point Software Technologies Company Profile

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.

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