Massachusetts Financial Services Co. MA Purchases 114,938 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Massachusetts Financial Services Co. MA boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,527,700 shares of the technology company’s stock after purchasing an additional 114,938 shares during the quarter. Massachusetts Financial Services Co. MA owned about 4.90% of Check Point Software Technologies worth $912,070,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Acadian Asset Management LLC increased its position in shares of Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Boston Partners boosted its stake in 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. Ninety One UK Ltd increased its holdings in shares of Check Point Software Technologies by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after purchasing an additional 39,092 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Check Point Software Technologies by 3.0% in the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after purchasing an additional 77,849 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its holdings in shares of Check Point Software Technologies by 98.5% during the fourth 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 in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Susquehanna boosted their price objective on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a report on Thursday, July 25th. Barclays raised their target price on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group raised their price target on Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $183.68.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $195.17 on Monday. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.96 and a beta of 0.62. The company’s fifty day moving average price is $182.33 and its 200-day moving average price is $166.70. Check Point Software Technologies Ltd. has a one year low of $126.57 and a one year high of $195.29.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal 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.