Vontobel Holding Ltd. Has $18.13 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vontobel Holding Ltd. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $1,599,000. MML Investors Services LLC lifted its position in Check Point Software Technologies by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares in the last quarter. McHugh Group LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $241,000. Finally, Martin Investment Management LLC lifted its position in Check Point Software Technologies by 2.0% in the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after buying an additional 3,225 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $222.09 on Friday. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.31 and a beta of 0.65. The company’s fifty day moving average is $194.31 and its two-hundred day moving average is $190.30. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.