Duality Advisers LP Acquires New Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Duality Advisers LP acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,196 shares of the technology company's stock, valued at approximately $1,558,000.

Several other large investors have also recently modified their holdings of CHKP. Acadian Asset Management LLC grew its stake in shares of Check Point Software Technologies by 1.6% in the third quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company's stock worth $579,517,000 after purchasing an additional 69,441 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Check Point Software Technologies by 0.3% in the third quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company's stock worth $365,851,000 after purchasing an additional 7,493 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Check Point Software Technologies by 3.4% in the third quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company's stock worth $216,822,000 after purchasing an additional 52,863 shares during the last quarter. Ariel Investments LLC grew its stake in shares of Check Point Software Technologies by 121.2% in the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company's stock worth $144,391,000 after purchasing an additional 593,623 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Check Point Software Technologies by 14.6% in the third quarter. Northern Trust Corp now owns 792,699 shares of the technology company's stock worth $105,651,000 after purchasing an additional 101,019 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CHKP. UBS Group raised their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Citigroup lifted their price objective on Check Point Software Technologies from $140.00 to $155.00 and gave the company a "neutral" rating in a research report on Wednesday, January 10th. Susquehanna lifted their price objective on Check Point Software Technologies from $190.00 to $200.00 and gave the company a "positive" rating in a research report on Wednesday, February 7th. TD Cowen lifted their price objective on Check Point Software Technologies from $180.00 to $205.00 and gave the company an "outperform" rating in a research report on Monday, March 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $185.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, April 10th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $160.16.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded up $2.01 during mid-day trading on Tuesday, reaching $160.80. The stock had a trading volume of 949,587 shares, compared to its average volume of 711,054. Check Point Software Technologies Ltd. has a 1 year low of $117.18 and a 1 year high of $168.82. The stock has a market cap of $19.42 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. The company has a fifty day moving average price of $161.95 and a 200 day moving average price of $152.72.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company had revenue of $663.50 million during the quarter, compared to analyst estimates of $662.09 million. During the same period in the previous year, the business earned $2.23 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.85 earnings per share 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.