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. decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital A Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $29,000. Horizon Investments LLC increased its holdings in Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after purchasing an additional 85 shares in the last quarter. Cromwell Holdings LLC bought a new position in Check Point Software Technologies in the 1st quarter valued at $37,000. Quarry LP raised its position in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. Finally, Abound Financial LLC bought a new position in Check Point Software Technologies in the 1st quarter valued at $40,000. 98.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CHKP shares. Mizuho raised their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, June 16th. UBS Group cut their price target on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Citigroup reduced their price target on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Scotiabank reduced their price objective on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company 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 issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $228.50.

Check Point Software Technologies Stock Performance

CHKP traded up $1.88 on Friday, reaching $193.14. The company had a trading volume of 547,453 shares, compared to its average volume of 900,040. The stock has a market cap of $21.24 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.90 and a beta of 0.60. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The company's fifty day moving average is $205.60 and its 200 day moving average is $215.76.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. During the same quarter in the previous year, the company posted $2.17 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. 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. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.