Check Point Software Technologies Ltd. (CHKP) Position Boosted by Pittenger & Anderson Inc.

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Pittenger & Anderson Inc. raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.9% during the third quarter, HoldingsChannel.com reports. The firm owned 19,195 shares of the technology company’s stock after buying an additional 1,565 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Check Point Software Technologies were worth $2,259,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Martin Investment Management LLC raised its holdings in shares of Check Point Software Technologies by 0.4% in the 2nd quarter. Martin Investment Management LLC now owns 117,502 shares of the technology company’s stock worth $11,478,000 after purchasing an additional 459 shares during the period. Hugh Johnson Advisors LLC raised its holdings in shares of Check Point Software Technologies by 0.6% in the 2nd quarter. Hugh Johnson Advisors LLC now owns 77,225 shares of the technology company’s stock worth $7,543,000 after purchasing an additional 485 shares during the period. Fulton Bank N.A. raised its holdings in shares of Check Point Software Technologies by 11.7% in the 2nd quarter. Fulton Bank N.A. now owns 4,706 shares of the technology company’s stock worth $460,000 after purchasing an additional 494 shares during the period. Tower Bridge Advisors raised its holdings in shares of Check Point Software Technologies by 0.9% in the 2nd quarter. Tower Bridge Advisors now owns 58,181 shares of the technology company’s stock worth $5,683,000 after purchasing an additional 500 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Check Point Software Technologies by 3.0% in the 2nd quarter. CIBC Asset Management Inc now owns 18,062 shares of the technology company’s stock worth $1,764,000 after purchasing an additional 518 shares during the period. Institutional investors own 66.75% of the company’s stock.

CHKP stock opened at $111.53 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $93.76 and a 1 year high of $120.81. The stock has a market capitalization of $19.23 billion, a PE ratio of 22.81, a P/E/G ratio of 2.34 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 25th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.18. Check Point Software Technologies had a return on equity of 22.98% and a net margin of 43.43%. The business had revenue of $467.80 million during the quarter, compared to analyst estimates of $461.32 million. During the same quarter last year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts expect that Check Point Software Technologies Ltd. will post 5.19 EPS for the current year.

A number of research firms have recently commented on CHKP. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a report on Tuesday, September 25th. Stifel Nicolaus restated a “hold” rating and issued a $112.00 price objective (up from $95.00) on shares of Check Point Software Technologies in a report on Thursday, July 26th. Barclays restated a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a report on Thursday, July 26th. Finally, BMO Capital Markets raised their price objective on Check Point Software Technologies from $108.00 to $130.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. Twenty-three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $114.48.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

Further Reading: Treasury Bonds

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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