Guardian Wealth Management Inc. Acquires 246 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Guardian Wealth Management Inc. increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,185 shares of the technology company’s stock after purchasing an additional 246 shares during the period. Check Point Software Technologies accounts for approximately 2.6% of Guardian Wealth Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Guardian Wealth Management Inc.’s holdings in Check Point Software Technologies were worth $3,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CHKP. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $27,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Check Point Software Technologies during the third quarter worth about $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies in the third quarter worth approximately $37,000. Arrow Financial Corp boosted its holdings in Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after acquiring an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter valued at approximately $60,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 0.7 %

NASDAQ CHKP opened at $186.82 on Monday. The business has a fifty day simple moving average of $188.46 and a 200 day simple moving average of $179.65. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The firm has a market capitalization of $20.55 billion, a P/E ratio of 25.52, a PEG ratio of 3.18 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period last year, the firm earned $1.80 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CHKP shares. Truist Financial boosted their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays dropped their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Wedbush lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Mizuho upped their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $197.74.

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 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.