Court Place Advisors LLC Increased Its Check Point Software Tech Lt (CHKP) Stake by $642.44 Million; Shares Declined

April 16, 2018 - By Sarah Holford

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Corporate Logo

The holdings In Check Point Software Tech Lt (CHKP) was rose owned by Court Place Advisors Llc. According to 2017Q4 Securities and Exchange filling the reduction is 22.99%. The company’s stock declined 2.77% with the market as Court Place Advisors Llc bought 6,200 shares. At the end of 2017Q4, the 33,171 shares of the prepackaged software company held by the institutional investor were valued at $3.44B, up from 26,971 at the end of the previous reported quarter. $16.81B is the market cap of Check Point Software Tech Lt. CHKP reached $102.875 on during the last trading session after $0.325 change.Currently Check Point Software Technologies Ltd. is downtrending after 4.45% change in last April 16, 2017. CHKP has 81,114 shares volume. The stock underperformed the S&P 500 by 16.00%.

About $189.65M and $242.24 billion US Long portfolio the Court Place Advisors Llc manages. Its stake in Sanofi (NYSE:SNY) was reduced by 100 shares to 19,261 shares valued at $828.22 million in 2017Q4, according to the filing. For a total of 8,187 shares it reduced its holding in Select Sector Spdr Tr by 482 shares in the quarter, and has cut its stake in Oracle Corp (NYSE:ORCL).

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Coverage

Total analysts of 13 have positions in Check Point (NASDAQ:CHKP) as follows: 1 rated it a “Buy”, 0 with “Sell” and 12 with “Hold”. The positive are 8%. Since October 19, 2017 according to StockzIntelligence Inc Check Point has 15 analyst reports. On Wednesday, November 1 the stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Stephens. On Wednesday, November 1 the rating was maintained by Barclays Capital with “Equal-Weight”. The stock rating was maintained by JP Morgan with “Neutral” on Wednesday, November 1. On Wednesday, November 1 the firm earned “Hold” rating by Credit Suisse. The company rating was maintained by Cowen & Co on Wednesday, January 31. The stock rating was downgraded by Wells Fargo to “Hold” on Thursday, February 1. In Wednesday, November 1 report UBS maintained the stock with “Neutral” rating. On Wednesday, January 31 the stock has “Hold” rating by Piper Jaffray. On Wednesday, January 31 the rating was maintained by BMO Capital Markets with “Hold”. On Wednesday, January 31 the stock has “Buy” rating by Jefferies.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Analyst Ratings Chart

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