Allworth Financial LP Has $119,000 Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Allworth Financial LP raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611 shares of the technology company’s stock after buying an additional 110 shares during the quarter. Allworth Financial LP’s holdings in Check Point Software Technologies were worth $119,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Private Advisor Group LLC grew its holdings in shares of Check Point Software Technologies by 6.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,108 shares of the technology company’s stock worth $406,000 after purchasing an additional 121 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $75,100,000. Brighton Jones LLC grew its holdings in shares of Check Point Software Technologies by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after purchasing an additional 66 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Check Point Software Technologies by 14.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,008 shares of the technology company’s stock worth $773,000 after buying an additional 493 shares during the last quarter. Finally, Lake Street Advisors Group LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $227,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on CHKP shares. UBS Group lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays lifted their price objective 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. Susquehanna lifted their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Piper Sandler lifted their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Finally, Citigroup lifted their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $216.95.

Check Point Software Technologies Stock Down 1.0 %

NASDAQ CHKP opened at $216.80 on Monday. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The business has a 50 day moving average price of $198.23 and a 200-day moving average price of $192.18.

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.