Dark Forest Capital Management LP Buys 1,234 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Dark Forest Capital Management LP lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 116.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,293 shares of the technology company's stock after acquiring an additional 1,234 shares during the period. Dark Forest Capital Management LP's holdings in Check Point Software Technologies were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Check Point Software Technologies during the fourth quarter worth $428,820,000. Clearbridge Investments LLC bought a new stake in shares of Check Point Software Technologies during the 4th quarter worth $100,456,000. Causeway Capital Management LLC boosted its stake in Check Point Software Technologies by 33.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock valued at $360,257,000 after buying an additional 487,823 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Check Point Software Technologies in the fourth quarter valued at about $73,186,000. Finally, First Trust Advisors LP raised its stake in Check Point Software Technologies by 17.4% during the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock worth $340,314,000 after acquiring an additional 269,925 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 1.6 %

CHKP stock traded up $3.42 during mid-day trading on Friday, reaching $217.45. The company's stock had a trading volume of 199,316 shares, compared to its average volume of 772,661. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The business's 50 day moving average price is $220.20 and its 200 day moving average price is $202.24. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $2.04 EPS. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the topic of several research reports. Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 24th. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Finally, Compass Point set a $260.00 target price on Check Point Software Technologies in a research report on Thursday, March 27th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $232.04.

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 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.