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

American Century Companies Inc. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 107.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,616 shares of the technology company's stock after acquiring an additional 21,532 shares during the period. American Century Companies Inc.'s holdings in Check Point Software Technologies were worth $7,770,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CHKP. World Investment Advisors LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $51,922,000. Raymond James Financial Inc. acquired a new position in Check Point Software Technologies during the fourth quarter worth $38,558,000. Boston Trust Walden Corp lifted its holdings in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock valued at $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $13,838,000. Finally, Assetmark Inc. increased its stake in shares of Check Point Software Technologies by 44.1% during the fourth quarter. Assetmark Inc. now owns 140,943 shares of the technology company's stock worth $26,314,000 after purchasing an additional 43,165 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Wells Fargo & Company raised shares of Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Barclays raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Scotiabank upped their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Finally, Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $236.13.

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Check Point Software Technologies Price Performance

Shares of CHKP stock traded down $5.56 during trading on Tuesday, reaching $208.20. The company's stock had a trading volume of 1,700,090 shares, compared to its average volume of 755,010. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The stock's 50-day moving average price is $221.29 and its 200 day moving average price is $200.09. The company has a market capitalization of $22.90 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.41 and a beta of 0.62.

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.