6 days Ago By ABMN Staff
Alliancebernstein L.P. decreased its stake in Check Point Software Technologies Ltd.
( NASDAQ:CHKP – Free Report ) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000.
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.
Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Check Point Software Technologies by 370.6% during the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after purchasing an additional 189 shares during the last quarter.
Institutional investors and hedge funds own 98.51% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms recently commented on CHKP.
JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $221.00 to $255.
00 in a research report on Wednesday, February 26th. Morgan Stanley assumed coverage on shares of Check Point Software Technologies in a report on Tuesday, March 18th. They set an “equal weight” rating and a $235.
00 price target on the stock. UBS Group increased their price objective on Check Point Software Technologies from $200.00 to $230.
00 and gave the company a “neutral” rating in a report on Friday, January 31st. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $245.
00 to $275.00 in a research note on Friday, March 28th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $236.13. Check Point Software Technologies Price Performance Shares of CHKP opened at $220.
10 on Tuesday. Check Point Software Technologies Ltd. has a one year low of $145.
75 and a one year high of $234.36. The company has a market cap of $24.
21 billion, a PE ratio of 29.46, a P/E/G ratio of 3.41 and a beta of 0.
62. The stock has a 50-day moving average of $221.49 and a 200-day moving average of $200.
91. Check Point Software Technologies Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. ( NASDAQ:CHKP – Free Report ). Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.
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