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

April 16, 2018 - By Andrea Pope

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

In Check Point Software Tech Lt (CHKP) was rose the holdings owned by Court Place Advisors Llc. The reduction is 22.99% according to 2017Q4 Securities and Exchange form. 6,200 shares were bought by Court Place Advisors Llc as the company’s stock declined 2.77% with the market. At the end of 2017Q4, the 33,171 shares of the prepackaged software company held by the institutional investor were priced at $3.44 billion, 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. CHKP underperformed the S&P 500 by 16.00%.

Court Place Advisors Llc operates about $189.65 million and $242.24B US Long portfolio. It decreased its stake in Kinder Morgan Inc Del (NYSE:KMI) by 2,904 shares to 27,284 shares, valued at $493.02M in 2017Q4, according to the filing. Court Place Advisors Llc has cut its stake in Jpmorgan Chase & Co (NYSE:JPM) and also reduced its holding in Dowdupont Inc by 689 shares in the quarter, for a total of 24,317 shares.

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

In total 13 analysts cover Check Point (NASDAQ:CHKP). “Buy” rating has 1, “Sell” are 0, while 12 are “Hold”. 8% are bullish. 15 are the (NASDAQ:CHKP)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. In Wednesday, January 31 report Jefferies maintained it with “Buy” rating and $124.0 target. On Wednesday, November 1 the stock has “Hold” rating by Northland Capital. On Wednesday, November 1 the company was downgraded by BTIG Research. On Thursday, October 19 the firm earned “Buy” rating by Jefferies. On Wednesday, January 31 the rating was maintained by Piper Jaffray with “Hold”. On Wednesday, November 1 the stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) has “Hold” rating given by Credit Suisse. In Wednesday, November 1 report JP Morgan maintained it with “Neutral” rating and $121 target. 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”. On Wednesday, January 31 the stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Cowen & Co.

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

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