American Century Companies Inc. Sells 18,720 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• American Century Companies Inc. reduced its stake in Check Point Software Technologies by 45.0%, selling 18,720 shares and reducing its holdings to 22,896 shares valued at approximately $5.2 million.
• Several hedge funds have increased their positions in Check PointSoftware Technologies, including Aberdeen Group plc, which boosted its stake by 144.4%, now owning 38,002 shares worth approximately $8.7 million.
• Analysts have varied price targets for Check Point, with a consensus rating of "Hold" and an average price target of $228.50, as multiple analysts adjusted their ratings recently.

American Century Companies Inc. reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 45.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,896 shares of the technology company's stock after selling 18,720 shares during the quarter. American Century Companies Inc.'s holdings in Check Point Software Technologies were worth $5,218,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CHKP. Victory Capital Management Inc. raised its position in shares of Check Point Software Technologies by 2,704.5% in the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company's stock valued at $297,333,000 after purchasing an additional 1,258,034 shares during the period. Invesco Ltd. raised its position in shares of Check Point Software Technologies by 737.5% in the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company's stock valued at $224,042,000 after purchasing an additional 865,608 shares during the period. Bessemer Group Inc. raised its position in shares of Check Point Software Technologies by 5,396.1% in the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company's stock valued at $150,081,000 after purchasing an additional 646,504 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Check Point Software Technologies by 214.6% in the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company's stock valued at $197,086,000 after purchasing an additional 589,816 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Check Point Software Technologies by 182.0% in the first quarter. Bank of New York Mellon Corp now owns 627,489 shares of the technology company's stock valued at $143,017,000 after purchasing an additional 404,958 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 0.7%

NASDAQ CHKP traded up $1.31 on Wednesday, hitting $191.47. 579,670 shares of the company were exchanged, compared to its average volume of 830,458. The firm has a 50 day moving average of $203.86 and a two-hundred day moving average of $215.18. The company has a market cap of $21.06 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.90 and a beta of 0.60. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. The business had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 EPS. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. Research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. Morgan Stanley dropped their target price on shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Finally, UBS Group dropped their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and an average target price of $227.58.

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.