Pittenger & Anderson Inc. Acquires 2,850 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Pittenger & Anderson Inc. increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,750 shares of the technology company’s stock after acquiring an additional 2,850 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Check Point Software Technologies were worth $4,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CHKP shares. Barclays lowered their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Scotiabank upped their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Truist Financial boosted their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $170.18 on Tuesday. The stock has a market cap of $18.72 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.91 and a beta of 0.63. The stock’s fifty day moving average is $194.09 and its 200 day moving average is $175.07. Check Point Software Technologies Ltd. has a one year low of $136.19 and a one year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued 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 for the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 earnings per share. 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.