Allspring Global Investments Holdings LLC Has $13.76 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Allspring Global Investments Holdings LLC trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 82.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,077 shares of the technology company's stock after selling 434,911 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of Check Point Software Technologies worth $13,763,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHKP. BlackRock Inc. lifted its holdings in Check Point Software Technologies by 2.1% during the 1st quarter. BlackRock Inc. now owns 5,951,005 shares of the technology company's stock valued at $773,631,000 after purchasing an additional 121,686 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Check Point Software Technologies by 1.6% during the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company's stock worth $579,517,000 after buying an additional 69,441 shares during the period. Nordea Investment Management AB grew its position in shares of Check Point Software Technologies by 0.3% during the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company's stock worth $365,851,000 after buying an additional 7,493 shares during the period. Legal & General Group Plc grew its position in shares of Check Point Software Technologies by 9.7% during the 4th quarter. Legal & General Group Plc now owns 2,236,028 shares of the technology company's stock worth $282,097,000 after buying an additional 197,179 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Check Point Software Technologies by 138.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,505,958 shares of the technology company's stock worth $195,775,000 after buying an additional 875,580 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

CHKP traded down $0.83 during trading on Tuesday, reaching $156.80. The company had a trading volume of 491,521 shares, compared to its average volume of 711,687. Check Point Software Technologies Ltd. has a 12 month low of $117.18 and a 12 month high of $168.82. The business's fifty day moving average price is $162.56 and its 200 day moving average price is $151.69. The company has a market cap of $18.94 billion, a P/E ratio of 22.02, a PEG ratio of 2.62 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 earnings per share. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.85 EPS for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the subject of several analyst reports. Truist Financial lifted their price target on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. William Blair upgraded shares of Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 31st. UBS Group lifted their price target on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 10th. Susquehanna boosted their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a "positive" rating in a report on Wednesday, February 7th. Finally, TD Cowen boosted their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Monday, March 18th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $159.70.

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.