Alliancebernstein L.P. Sells 1,401 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Alliancebernstein L.P. reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,086 shares of the technology company's stock after selling 1,401 shares during the period. Alliancebernstein L.P.'s holdings in Check Point Software Technologies were worth $3,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHKP. GAMMA Investing LLC lifted its stake in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Exchange Traded Concepts LLC grew its position in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after acquiring an additional 137 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in Check Point Software Technologies by 370.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after purchasing an additional 189 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new stake in shares of Check Point Software Technologies during the fourth quarter valued at about $56,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded up $0.02 on Friday, hitting $214.96. The stock had a trading volume of 824,648 shares, compared to its average volume of 768,069. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a 50 day moving average of $221.71 and a 200 day moving average of $201.57.

Analysts Set New Price Targets

Several research firms have recently issued reports on CHKP. Stephens initiated coverage on shares of Check Point Software Technologies in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $255.00 price target for the company. Susquehanna raised their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. UBS Group boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $235.50.

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.