Check Point Software Tech (Is) (CHKP) Shareholder Bowen Hanes & Co Raised Holding; Wealth Architects Stake in United Parcel Svc Inccl B (UPS) Lowered as Market Valuation Declined

February 15, 2018 - By Dolores Ford

Wealth Architects Llc decreased its stake in United Parcel Svc Inccl B (UPS) by 66.11% based on its latest 2017Q3 regulatory filing with the SEC. Wealth Architects Llc sold 4,064 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 2,083 shares of the transportation company at the end of 2017Q3, valued at $250,000, down from 6,147 at the end of the previous reported quarter. Wealth Architects Llc who had been investing in United Parcel Svc Inccl B for a number of months, seems to be less bullish one the $91.58 billion market cap company. The stock decreased 0.89% or $0.96 during the last trading session, reaching $106.6. About 6.50 million shares traded or 57.59% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 15, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Bowen Hanes & Co Inc increased its stake in Check Point Software Tech (Is) (CHKP) by 1.67% based on its latest 2017Q3 regulatory filing with the SEC. Bowen Hanes & Co Inc bought 3,615 shares as the company’s stock rose 7.13% with the market. The institutional investor held 219,560 shares of the prepackaged software company at the end of 2017Q3, valued at $25.03 million, up from 215,945 at the end of the previous reported quarter. Bowen Hanes & Co Inc who had been investing in Check Point Software Tech (Is) for a number of months, seems to be bullish on the $16.54 billion market cap company. The stock increased 0.37% or $0.37 during the last trading session, reaching $101.2. About 1.36 million shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since February 15, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Among 32 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 5 have Buy rating, 1 Sell and 26 Hold. Therefore 16% are positive. Check Point Software Technologies Ltd. had 73 analyst reports since September 10, 2015 according to SRatingsIntel. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Buy” rating by Cowen & Co on Thursday, July 20. On Friday, March 11 the stock rating was initiated by Bernstein with “Underperform”. The stock has “Hold” rating by Evercore on Tuesday, December 15. BTIG Research downgraded the shares of CHKP in report on Wednesday, November 1 to “Hold” rating. The firm earned “Hold” rating on Thursday, September 28 by Northland Capital. The rating was downgraded by OTR GLobal on Monday, July 11 to “Mixed”. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Stephens on Wednesday, November 1. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, January 17. The rating was downgraded by Wells Fargo on Thursday, February 1 to “Hold”. The firm has “Hold” rating given on Sunday, September 10 by RBC Capital Markets.

Bowen Hanes & Co Inc, which manages about $2.46B and $2.13 billion US Long portfolio, decreased its stake in Equifax (NYSE:EFX) by 10,758 shares to 12,578 shares, valued at $1.33 million in 2017Q3, according to the filing. It also reduced its holding in Vertex Pharmaceuticals (NASDAQ:VRTX) by 15,000 shares in the quarter, leaving it with 165,000 shares, and cut its stake in Exxon Mobil (NYSE:XOM).

Wealth Architects Llc, which manages about $529.39M and $287.58M US Long portfolio, upped its stake in Ishares (IGF) by 63,427 shares to 328,878 shares, valued at $14.89 million in 2017Q3, according to the filing.

Among 23 analysts covering United Parcel Service (NYSE:UPS), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. United Parcel Service had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Monday, August 21 by Cowen & Co. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Thursday, February 1 by BMO Capital Markets. The stock has “Hold” rating by Susquehanna on Wednesday, January 17. On Wednesday, November 2 the stock rating was initiated by Deutsche Bank with “Hold”. The firm has “Hold” rating by BMO Capital Markets given on Thursday, June 1. Zacks upgraded United Parcel Service, Inc. (NYSE:UPS) on Tuesday, August 25 to “Hold” rating. Cowen & Co maintained United Parcel Service, Inc. (NYSE:UPS) on Friday, April 29 with “Market Perform” rating. Stephens maintained the shares of UPS in report on Thursday, February 1 with “Hold” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Stifel Nicolaus on Friday, October 27. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, February 3 report.

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