Check Point Software Technologies Ltd. is a software and hardware solutions provider for information technology security with a market capitalization of $16.10 billion. It recently released its quarterly earnings report on February 13th, with a reported earnings per share of $2.45 for the quarter. The company also saw a 6.6% YoY increase in revenue, reporting $638.50 million for the quarter. Analysts predict that Check Point Software Technologies Ltd. will post 6.94 earnings per share for the current year. The company’s products include Quantum, CloudGuard, Harmony, and Infinity-Vision. Investors interested in Check Point Software Technologies Ltd. can subscribe to MarketBeat.com’s free daily email newsletter to stay up-to-date with the latest news and analysts’ ratings.
First Hawaiian Bank Invests in Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been recently acquired by First Hawaiian Bank, according to the company’s Form 13F filing for the fourth quarter. The bank has added 3,375 shares to its portfolio.
Other large investors have also either increased or decreased their stakes in Check Point Software Technologies Ltd. Alta Advisers Ltd purchased a new stake in the company in the third quarter, worth approximately $45,000. Brown Brothers Harriman & Co. increased its holdings in shares of Check Point Software Technologies by 75.3% in the first quarter, now owning 568 shares of the stock valued at $79,000. Wipfli Financial Advisors LLC also acquired a new stake in the company in the third quarter, valued at approximately $65,000. Meanwhile, Benjamin F. Edwards & Company Inc. grew its stake by 556.5% in the third quarter, owning 604 shares of the stock valued at $68,000. Lastly, Chilton Capital Management LLC bought a new position in shares of Check Point Software Technologies in the second quarter valued at $123,000. In total, institutional investors own 64.76% of the stock.
Several equities research analysts have issued reports on Check Point Software Technologies. StockNews.com recently initiated coverage on the stock and issued a “buy” rating for the company on March 16th. JPMorgan Chase & Co. assumed coverage on Check Point Software Technologies in a research note on January 24th, assigning a “neutral” rating and a $134.00 price target for the company. Wells Fargo & Company raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and set a $130.00 price target on the stock in a research note on January 17th. Citigroup, on the other hand, decreased its price target on Check Point Software Technologies from $130.00 to $129.00 and set a “neutral” rating on the stock in a research note on February 14th. Lastly, William Blair reiterated a “market perform” rating on shares of Check Point Software Technologies on February 13th.
The consensus rating for Check Point Software Technologies, according to MarketBeat.com, is “Hold” with an average price target of $138.41.
Check Point Software Technologies Stock Performance
Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $128.40 on Friday, with a 50-day moving average price of $127.25 and a 200-day moving average price of $124.74. Its 52-week low and high are $107.54 and $145.54, respectively. As of Friday, the company has a market capitalization of $16.10 billion, a P/E ratio of 20.28, a PEG ratio of 2.54, and a beta of 0.69.
Check Point Software Technologies recently released its quarterly earnings report on February 13th, with a reported earnings per share of $2.45 for the quarter. This figure exceeded the consensus estimate of $2.36 by $0.09. The company also saw a 6.6% YoY increase in revenue, reporting $638.50 million for the quarter, compared to the consensus estimate of $636.24 million. Analysts predict that Check Point Software Technologies Ltd. will post 6.94 earnings per share for the current year.
About Check Point Software Technologies
Check Point Software Technologies Ltd. is a software and hardware solutions provider for information technology security. Its product offerings include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded in 1993 and is headquartered in Tel Aviv, Israel.
See Also
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Check Point Software Technologies Daily News and Ratings
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