Check Point Software Technologies (NASDAQ:CHKP) Cut to Neutral at Cleveland Research

Silchester International Investors Llp acquired 715,300 shares as Kt Corp (KT)'s stock rose 3.66%. BlackRock Inc. now owns 5,008,260 shares of the technology company's stock valued at $518,956,000 after buying an additional 117,950 shares in the last quarter. Kt Corp now has $5.64B valuation. The stock has a market cap of $16,030.00, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.94 and a beta of 0.57. The institutional investor owned 19,215 shares of the technology company's stock after selling 1,281 shares during the quarter. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 9, 2017 and is downtrending. It has underperformed by 18.00% the S&P500.

Carmignac Gestion decreased its stake in Check Point Software Tech (CHKP) by 12.61% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 100,540 shares of the prepackaged software company at the end of 2017Q3, valued at $11.46M, up from 66,353 at the end of the previous reported quarter.

More notable recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Globenewswire.com which released: "UPDATE: Check Point Software Technologies Announces Infinity Total Protection ..." on January 24, 2018, also Globenewswire.com with their article: "Check Point Software Technologies Ltd.: Media Alert" published on January 15, 2018, Globenewswire.com published: "UPDATE - Check Point Software Announces CloudGuard: Complete Gen V Cyber ..." on February 07, 2018. The stock decreased 0.37% or $0.36 during the last trading session, reaching $97.84. About 608,814 shares traded or 200.03% up from the average. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned "Buy" rating by Jefferies on Tuesday, May 30. It has outperformed by 14.94% the S&P500.

Investors sentiment decreased to 1.13 in Q3 2017. Finally, Fisher Asset Management LLC boosted its position in shares of Check Point Software Technologies by 1.1% during the third quarter. Archford Capital Strategies LLC raised its position in shares of Check Point Software Technologies by 22,512.5% during the 2nd quarter. 273.62 million shares or 1.13% less from 276.76 million shares in 2017Q2 were reported. Peddock Cap Advsrs Limited Liability Corp has invested 0.3% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Eagle Asset Mgmt Inc has invested 0.04% in LKQ Corporation (NASDAQ:LKQ). New York-based Millennium Management Ltd Liability Company has invested 0.02% in KT Corporation (NYSE:KT). Cornerstone Capital Inc. owns 352,210 shares or 3.79% of their U.S. portfolio. Fmr Lc invested 0% in KT Corporation (NYSE:KT). Bank of America downgraded the shares of XOM in report on Thursday, June 2 to "Neutral" rating. (NYSE:T). Sterling Cap Ltd Llc reported 468,338 shares or 0.17% of all its holdings. 17,340 were accumulated by Signaturefd Lc. Schroder Investment Management Group grew its holdings in shares of Check Point Software Technologies by 4.2% during the third quarter. Narrowing in a bit closer, the 5 month price index is 1.04243, the 3 month is 0.99399, and the 1 month is now 0.97437. (NYSE:AJG) on Thursday, December 1 to "Neutral" rating. Therefore 100% are positive. Inphi had 70 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with "Hold" rating and $10500 target in Friday, August 4 report. OTR GLobal downgraded the stock to "Mixed" rating in Monday, July 11 report. Check Point Software Tech Lt now has $15.89 billion valuation. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have issued a buy rating to the stock. Therefore 16% are positive. Northland Securities set a $120.00 target price on Check Point Software Technologies and gave the company a "hold" rating in a report on Wednesday, November 1st. The firm earned "Buy" rating on Thursday, December 14 by KeyBanc Capital Markets. BTIG Research lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating in a research report on Wednesday, November 1st. Stifel Nicolaus has "Hold" rating and $10000 target. Oppenheimer restated a "buy" rating and set a $128.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. The company was maintained on Friday, July 21 by Citigroup. RBC Capital Markets has "Hold" rating and $105.0 target. RBC Capital Markets maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Friday, August 4. The firm earned "Hold" rating on Wednesday, January 31 by BMO Capital Markets. Argus Research maintained the shares of CHKP in report on Tuesday, July 25 with "Buy" rating.

Altrinsic Global Advisors Llc, which manages about $14.11B and $2.64B US Long portfolio, upped its stake in Medtronic Plc (NYSE:MDT) by 749,261 shares to 1.73M shares, valued at $134.58M in 2017Q3, according to the filing. It also reduced its holding in Eog Res Inc (NYSE:EOG) by 6,724 shares in the quarter, leaving it with 288,549 shares, and cut its stake in Energy Transfer Prtnrs LP (NYSE:ETP).

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