FY2017 Earnings Forecast for Check Point Software Technologies Ltd. Issued By Oppenheimer Holdings (CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Stock analysts at Oppenheimer Holdings raised their FY2017 earnings estimates for shares of Check Point Software Technologies in a research note issued on Wednesday, according to Zacks Investment Research. Oppenheimer Holdings analyst S. Eyal now expects that the technology company will earn $4.82 per share for the year, up from their prior estimate of $4.70. Oppenheimer Holdings has a “Buy” rating and a $128.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Check Point Software Technologies’ Q4 2017 earnings at $1.38 EPS, Q1 2018 earnings at $1.20 EPS, Q2 2018 earnings at $1.28 EPS, Q3 2018 earnings at $1.31 EPS, Q4 2018 earnings at $1.45 EPS and FY2018 earnings at $5.23 EPS.

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Several other equities research analysts have also commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price objective on shares of Check Point Software Technologies in a research report on Friday, November 3rd. UBS AG boosted their price objective on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Barclays PLC cut their target price on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and issued a $115.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. Finally, J P Morgan Chase & Co cut their target price on shares of Check Point Software Technologies from $123.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Twenty analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $113.60.

Shares of Check Point Software Technologies (CHKP) opened at $102.40 on Monday. Check Point Software Technologies has a 1 year low of $80.78 and a 1 year high of $119.20. The company has a market cap of $16,801.93, a PE ratio of 21.64, a P/E/G ratio of 2.21 and a beta of 0.67.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Check Point Software Technologies by 1.4% during 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 purchasing an additional 20 shares in the last quarter. Gateway Investment Advisers LLC boosted 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 period. Baldwin Investment Management LLC boosted 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 period. Trust Co. of Vermont boosted 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 period. Finally, Wetherby Asset Management Inc. boosted 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 period. 68.53% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for Check Point Software Technologies (NASDAQ:CHKP)

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