Ninety One North America Inc. Has $44.26 Million Position in Check Point Software Technologies Ltd. $CHKP

Ninety One North America Inc. raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 45.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,041 shares of the technology company’s stock after acquiring an additional 62,894 shares during the quarter. Check Point Software Technologies makes up about 2.2% of Ninety One North America Inc.’s investment portfolio, making the stock its 17th largest holding. Ninety One North America Inc. owned 0.18% of Check Point Software Technologies worth $44,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CHKP. Victory Capital Management Inc. lifted its stake in 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 acquiring an additional 1,258,034 shares during the last quarter. Invesco Ltd. lifted its stake in 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 acquiring an additional 865,608 shares during the last quarter. Bessemer Group Inc. lifted its stake in 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 acquiring an additional 646,504 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in 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 acquiring an additional 589,816 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Check Point Software Technologies by 43.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock valued at $338,168,000 after acquiring an additional 450,099 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the subject of a number of recent analyst reports. Scotiabank cut their price target on shares of Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 31st. Citigroup cut their target price on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Morgan Stanley cut their target price on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 2nd. 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 note on Thursday, July 31st. Finally, Royal Bank Of Canada cut their target price on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. One 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $227.42.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $206.91 on Wednesday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 3.10 and a beta of 0.60. The firm’s 50-day simple moving average is $195.46 and its 200 day simple moving average is $212.24.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same period last year, the firm earned $2.17 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.0% compared to the same quarter last year. 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. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.