Pittenger & Anderson Inc. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,195 shares of the technology company’s stock after acquiring an additional 1,565 shares during the period. Pittenger & Anderson Inc.’s holdings in Check Point Software Technologies were worth $2,259,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Martin Investment Management LLC grew its holdings in Check Point Software Technologies by 0.4% during the second quarter. Martin Investment Management LLC now owns 117,502 shares of the technology company’s stock worth $11,478,000 after acquiring an additional 459 shares during the period. Hugh Johnson Advisors LLC grew its holdings in Check Point Software Technologies by 0.6% during the second quarter. Hugh Johnson Advisors LLC now owns 77,225 shares of the technology company’s stock worth $7,543,000 after acquiring an additional 485 shares during the period. Fulton Bank N.A. grew its holdings in Check Point Software Technologies by 11.7% during the second quarter. Fulton Bank N.A. now owns 4,706 shares of the technology company’s stock worth $460,000 after acquiring an additional 494 shares during the period. Tower Bridge Advisors grew its holdings in Check Point Software Technologies by 0.9% during the second quarter. Tower Bridge Advisors now owns 58,181 shares of the technology company’s stock worth $5,683,000 after acquiring an additional 500 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Check Point Software Technologies by 3.0% during the second quarter. CIBC Asset Management Inc now owns 18,062 shares of the technology company’s stock worth $1,764,000 after acquiring an additional 518 shares during the period. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

CHKP opened at $111.53 on Friday. The firm has a market cap of $19.23 billion, a P/E ratio of 22.81, a P/E/G ratio of 2.34 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52 week low of $93.76 and a 52 week high of $120.81.

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

A number of brokerages recently weighed in on CHKP. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. BidaskClub lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies reissued a “hold” rating and issued a $110.00 target price on shares of Check Point Software Technologies in a report on Thursday, July 26th. BMO Capital Markets upped their target price on Check Point Software Technologies from $108.00 to $130.00 and gave the company a “market perform” rating in a report on Thursday, July 26th. Finally, UBS Group upped their target price on Check Point Software Technologies from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Twenty-three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $114.48.

About Check Point Software Technologies

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.

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

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