Allspring Global Investments Holdings LLC Sells 45,554 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 37.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,380 shares of the technology company's stock after selling 45,554 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Check Point Software Technologies worth $14,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CHKP. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies in the third quarter valued at about $27,000. GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000. Strategic Financial Concepts LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000. Finally, Concord Wealth Partners purchased a new position in Check Point Software Technologies in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analysts Set New Price Targets

CHKP has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Barclays upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Evercore ISI boosted their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Finally, Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and a consensus price target of $215.59.

Check Point Software Technologies Stock Performance

Shares of CHKP stock traded down $2.25 during trading hours on Friday, hitting $216.80. The company had a trading volume of 1,270,519 shares, compared to its average volume of 914,943. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02. The firm has a market capitalization of $23.84 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.48 and a beta of 0.65. The firm's fifty day moving average is $197.65 and its 200 day moving average is $191.65.

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.