Check Point Software Technologies Ltd. $CHKP Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,965 shares of the technology company’s stock after purchasing an additional 3,215 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Check Point Software Technologies were worth $5,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its holdings in shares of Check Point Software Technologies by 27.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,455 shares of the technology company’s stock valued at $1,276,729,000 after purchasing an additional 1,317,167 shares during the last quarter. Norges Bank purchased a new position in shares of Check Point Software Technologies during the 2nd quarter worth $714,801,000. Ninety One UK Ltd lifted its position in 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 last quarter. Ameriprise Financial Inc. boosted its stake in Check Point Software Technologies by 9.3% during the second quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock worth $442,733,000 after buying an additional 170,373 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Check Point Software Technologies by 9.6% in 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 acquiring an additional 166,092 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of several recent research reports. Roth Mkm reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. Royal Bank Of Canada lowered their price objective on Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Citigroup cut their target price on Check Point Software Technologies from $210.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Mizuho set a $225.00 price target on Check Point Software Technologies in a report on Wednesday, October 29th. Finally, KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $227.91.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $178.21 on Friday. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.59. The firm’s fifty day moving average price is $187.25 and its 200 day moving average price is $193.96. Check Point Software Technologies Ltd. has a 1-year low of $173.56 and a 1-year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The firm had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 earnings per share. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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).