Q1 2021 EPS Estimates for Check Point Software Technologies Ltd. Decreased by Analyst (NASDAQ:CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Equities researchers at William Blair dropped their Q1 2021 earnings per share (EPS) estimates for shares of Check Point Software Technologies in a report released on Wednesday, February 3rd. William Blair analyst J. Ho now expects that the technology company will post earnings per share of $1.32 for the quarter, down from their prior forecast of $1.34. William Blair also issued estimates for Check Point Software Technologies’ FY2021 earnings at $5.86 EPS.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, February 2nd. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The firm had revenue of $563.80 million during the quarter, compared to the consensus estimate of $556.03 million. Check Point Software Technologies had a return on equity of 25.10% and a net margin of 41.47%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.02 EPS.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded Check Point Software Technologies from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $141.00 to $134.00 in a research note on Wednesday, December 9th. Mizuho increased their price target on Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 12th. Morgan Stanley increased their price target on Check Point Software Technologies from $105.00 to $109.00 and gave the stock an “underweight” rating in a research note on Friday, October 23rd. The Goldman Sachs Group upgraded Check Point Software Technologies from a “sell” rating to a “neutral” rating and set a $128.00 price target for the company in a research note on Sunday, October 25th. Finally, OTR Global raised Check Point Software Technologies to a “positive” rating in a report on Friday, January 8th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $124.57.

CHKP stock opened at $118.09 on Monday. The company has a market capitalization of $17.18 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.82 and a beta of 0.66. Check Point Software Technologies has a fifty-two week low of $80.06 and a fifty-two week high of $139.26. The stock has a fifty day moving average of $129.66 and a 200-day moving average of $123.70.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ellevest Inc. raised its holdings in shares of Check Point Software Technologies by 467.6% during the 3rd quarter. Ellevest Inc. now owns 210 shares of the technology company’s stock valued at $25,000 after buying an additional 173 shares in the last quarter. NEXT Financial Group Inc purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $31,000. Exchange Traded Concepts LLC raised its holdings in shares of Check Point Software Technologies by 384.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 286 shares of the technology company’s stock valued at $38,000 after buying an additional 227 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at about $48,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at about $50,000. 67.86% of the stock is currently owned by institutional investors.

Check Point Software Technologies Company Profile

Check Point 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, endpoint, cloud, workloads, Internet of Things, and mobile; Check Point Network Security, security gateways and software platforms that support small business and large enterprise data center and telco-grade environment; and Check Point SandBlast family for threat prevention and zero-day protections.

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