Centaurus Financial Inc. Has $308,000 Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Centaurus Financial Inc. raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 83.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,865 shares of the technology company’s stock after buying an additional 847 shares during the quarter. Centaurus Financial Inc.’s holdings in Check Point Software Technologies were worth $308,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tidal Investments LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at $6,558,000. Quantbot Technologies LP acquired a new position in shares of Check Point Software Technologies during the first quarter valued at about $1,095,000. Envestnet Asset Management Inc. lifted its stake in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 379,889 shares of the technology company’s stock valued at $58,043,000 after buying an additional 17,916 shares during the period. Allspring Global Investments Holdings LLC grew its position in Check Point Software Technologies by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock worth $15,980,000 after buying an additional 7,357 shares in the last quarter. Finally, M&G Plc increased its stake in Check Point Software Technologies by 10.0% during the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after acquiring an additional 9,830 shares during the period. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Up 1.6 %

CHKP opened at $193.93 on Friday. The stock has a market cap of $21.90 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $196.56. The company has a fifty day moving average of $188.19 and a 200-day moving average of $169.90.

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 (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 earnings per share. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on CHKP shares. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Evercore ISI upgraded shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird upped their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $184.47.

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 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.