American Century Companies Inc. Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

American Century Companies Inc. grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,110 shares of the technology company’s stock after purchasing an additional 1,920 shares during the quarter. American Century Companies Inc.’s holdings in Check Point Software Technologies were worth $2,988,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CHKP. Morningstar Investment Services LLC increased its position in shares of Check Point Software Technologies by 98.5% during the 4th quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock valued at $148,080,000 after purchasing an additional 481,626 shares during the last quarter. Swedbank AB bought a new position in shares of Check Point Software Technologies during the 1st quarter valued at about $69,487,000. Boston Partners increased its position in shares of Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after purchasing an additional 419,404 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after purchasing an additional 391,983 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $29,801,000. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent research reports. Barclays increased their price objective on Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Wedbush raised their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird raised their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $184.47.

Check Point Software Technologies Stock Down 1.0 %

CHKP opened at $193.04 on Friday. The stock has a market cap of $21.80 billion, a PE ratio of 27.08, a PEG ratio of 3.05 and a beta of 0.62. The business has a 50 day moving average of $186.27 and a 200-day moving average of $168.74. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $196.56.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Check Point Software Technologies 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.