Pittenger & Anderson Inc. Has $4.39 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Pittenger & Anderson Inc. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,750 shares of the technology company’s stock after acquiring an additional 2,850 shares during the period. Pittenger & Anderson Inc.’s holdings in Check Point Software Technologies were worth $4,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Check Point Software Technologies during the second quarter valued at about $30,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $33,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $37,000. FSC Wealth Advisors LLC bought a new position in Check Point Software Technologies in the third quarter worth approximately $60,000. Finally, Sound Income Strategies LLC grew its stake in Check Point Software Technologies by 654.4% in the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock valued at $83,000 after acquiring an additional 373 shares during the period. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Susquehanna lifted 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. Robert W. Baird lowered their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $170.18 on Tuesday. Check Point Software Technologies Ltd. has a fifty-two week low of $136.19 and a fifty-two week high of $210.70. The firm has a market cap of $18.72 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.91 and a beta of 0.63. The business has a 50 day moving average price of $194.09 and a 200-day moving average price of $175.07.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.80 EPS. Research analysts predict that Check Point Software Technologies Ltd. will post 7.87 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.