Massachusetts Financial Services Co. MA Acquires 1,317,167 Shares of Check Point Software Technologies Ltd. $CHKP

Massachusetts Financial Services Co. MA boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 27.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,170,455 shares of the technology company’s stock after acquiring an additional 1,317,167 shares during the period. Massachusetts Financial Services Co. MA owned 5.61% of Check Point Software Technologies worth $1,276,729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHKP. Norges Bank bought a new stake in shares of Check Point Software Technologies in the 2nd quarter worth approximately $714,801,000. Ninety One UK Ltd raised its stake in shares of Check Point Software Technologies by 0.3% in the third quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock valued at $538,295,000 after buying an additional 8,814 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Check Point Software Technologies by 9.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock valued at $442,733,000 after buying an additional 170,373 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Check Point Software Technologies by 9.6% during the 2nd quarter. First Trust Advisors LP now owns 1,899,862 shares of the technology company’s stock valued at $420,344,000 after buying an additional 166,092 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Check Point Software Technologies by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 638,725 shares of the technology company’s stock worth $141,318,000 after acquiring an additional 11,236 shares during the period. 98.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CHKP. Royal Bank Of Canada reduced their target price on shares of Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Mizuho set a $225.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Stifel Nicolaus set a $211.00 target price on Check Point Software Technologies in a research report on Tuesday, October 28th. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. Finally, Roth Capital reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $230.41.

Check Point Software Technologies Stock Down 1.6%

NASDAQ:CHKP opened at $185.54 on Friday. The stock has a market cap of $20.41 billion, a P/E ratio of 20.32, a PEG ratio of 3.27 and a beta of 0.59. The business’s 50-day moving average price is $189.92 and its two-hundred day moving average price is $196.43. Check Point Software Technologies Ltd. has a twelve month low of $178.68 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $673.60 million. During the same period in the prior year, the business earned $2.25 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.7% compared to the same quarter last year. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS and its Q4 2025 guidance at 2.700-2.800 EPS. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

About Check Point Software Technologies

Check Point Software Technologies Ltd. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point’s product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.

Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).