Aquatic Capital Management LLC Buys 26,784 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Aquatic Capital Management LLC lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 66.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,084 shares of the technology company's stock after buying an additional 26,784 shares during the quarter. Aquatic Capital Management LLC owned about 0.06% of Check Point Software Technologies worth $12,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $1,818,000. Virtus ETF Advisers LLC grew its position in Check Point Software Technologies by 14.3% in the 4th quarter. Virtus ETF Advisers LLC now owns 5,538 shares of the technology company's stock valued at $1,034,000 after purchasing an additional 693 shares during the period. Coldstream Capital Management Inc. acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $206,000. Voya Financial Advisors Inc. grew its position in Check Point Software Technologies by 6.5% in the 4th quarter. Voya Financial Advisors Inc. now owns 9,715 shares of the technology company's stock valued at $1,819,000 after purchasing an additional 594 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $1,026,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CHKP. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Scotiabank reduced their price target on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. StockNews.com downgraded shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Finally, UBS Group lifted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Eighteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded up $2.89 during trading on Tuesday, hitting $215.30. 647,735 shares of the company's stock traded hands, compared to its average volume of 773,963. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The business has a 50 day moving average of $220.24 and a 200-day moving average of $201.98.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. During the same period in the prior year, the firm posted $2.04 earnings per share. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.