Guardian Wealth Management Inc. Has $3.13 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Guardian Wealth Management Inc. lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,939 shares of the technology company’s stock after acquiring an additional 144 shares during the quarter. Check Point Software Technologies makes up approximately 2.4% of Guardian Wealth Management Inc.’s investment portfolio, making the stock its 13th largest position. Guardian Wealth Management Inc.’s holdings in Check Point Software Technologies were worth $3,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Check Point Software Technologies by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 415,097 shares of the technology company’s stock valued at $68,491,000 after acquiring an additional 13,707 shares during the last quarter. Thoroughbred Financial Services LLC bought a new position in Check Point Software Technologies during the second quarter worth about $378,000. Dai ichi Life Insurance Company Ltd lifted its position in shares of Check Point Software Technologies by 283.8% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 47,605 shares of the technology company’s stock valued at $7,855,000 after buying an additional 35,203 shares during the last quarter. O Neil Global Advisors Inc. acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $232,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Check Point Software Technologies by 2.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 582,352 shares of the technology company’s stock valued at $94,654,000 after purchasing an additional 13,854 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $195.17 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $195.29. The company’s 50 day moving average price is $182.33 and its 200-day moving average price is $166.64. The company has a market capitalization of $22.04 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.74 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on CHKP shares. Royal Bank of Canada lifted their target price on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and issued a $200.00 target price (up previously from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Scotiabank upped their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Barclays upped their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Finally, Wedbush upped their target price on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.68.

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.