Vontobel Holding Ltd. Sells 4,150 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vontobel Holding Ltd. reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,106 shares of the technology company's stock after selling 4,150 shares during the period. Vontobel Holding Ltd. owned about 0.09% of Check Point Software Technologies worth $18,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CHKP. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Check Point Software Technologies by 53.1% during 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 acquired a new stake in shares of Check Point Software Technologies during the fourth quarter valued at about $35,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies during the third quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after purchasing an additional 137 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 0.2 %

CHKP stock traded down $0.51 during trading on Tuesday, reaching $221.58. 407,541 shares of the stock were exchanged, compared to its average volume of 881,707. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The firm's 50 day moving average is $195.70 and its 200 day moving average is $190.96. The firm has a market cap of $24.37 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. Morgan Stanley lifted their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Robert W. Baird cut their target price on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Bank of America downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their target price for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $215.59.

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.