Guardian Wealth Management Inc. Has $3.70 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Guardian Wealth Management Inc. raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,185 shares of the technology company’s stock after buying an additional 246 shares during the period. Check Point Software Technologies comprises 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 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CHKP shares. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Truist Financial upped their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Price Performance

CHKP stock opened at $186.82 on Monday. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 3.18 and a beta of 0.63. The company has a 50 day simple moving average of $188.46 and a 200 day simple moving average of $179.65. Check Point Software Technologies Ltd. has a 1 year low of $143.28 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $634.96 million. During the same period in the prior year, the business earned $1.80 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

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.