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

Aquatic Capital Management LLC raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 66.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,084 shares of the technology company's stock after acquiring 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 SEC filing.

A number of other institutional investors have also bought and sold shares of CHKP. Barclays PLC boosted its position in Check Point Software Technologies by 6.0% during the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after acquiring an additional 4,522 shares during the last quarter. Anchor Investment Management LLC grew its stake in shares of Check Point Software Technologies by 8.2% in the 3rd quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company's stock valued at $1,154,000 after buying an additional 455 shares during the period. World Investment Advisors LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $5,546,000. Wilmington Savings Fund Society FSB acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $187,000. Finally, Tidal Investments LLC grew its stake in Check Point Software Technologies by 3.1% in the third quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock valued at $7,845,000 after acquiring an additional 1,224 shares during the period. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Trading Down 1.9 %

Shares of CHKP traded down $4.16 during mid-day trading on Thursday, reaching $215.40. The company's stock had a trading volume of 304,226 shares, compared to its average volume of 1,007,561. The stock has a market cap of $23.69 billion, a PE ratio of 28.82, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.35. The company's fifty day moving average price is $220.23 and its two-hundred day moving average price is $202.20.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share 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 during the quarter, compared to analyst estimates of $635.80 million. During the same period in the previous year, the business posted $2.04 EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stephens reduced their price objective on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Compass Point set a $260.00 price objective on Check Point Software Technologies in a research note on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, February 27th. UBS Group raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Eighteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $232.04.

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.