As Check Point Software Tech Lt (CHKP) Market Valuation Declined, Altrinsic Global Advisors Lowered Position; Brown Forman Cl B (BF.B) Holder Silvercrest Asset Management Group Cut Its Stake by $584,460 as Market Valuation Were Volatile

April 21, 2018 - By Richard Conner

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Silvercrest Asset Management Group Llc decreased its stake in Brown Forman Corp Cl B (BF.B) by 5.57% based on its latest 2017Q4 regulatory filing with the SEC. Silvercrest Asset Management Group Llc sold 8,595 shares as the company’s stock 0.00% . The hedge fund held 145,833 shares of the company at the end of 2017Q4, valued at $10.01 million, down from 154,428 at the end of the previous reported quarter. Silvercrest Asset Management Group Llc who had been investing in Brown Forman Corp Cl B for a number of months, seems to be less bullish one the $25.50 billion market cap company. The stock decreased 1.75% or $0.97 during the last trading session, reaching $54.49. About 744,642 shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 42.28% since April 21, 2017 and is uptrending. It has outperformed by 30.73% the S&P500.

Altrinsic Global Advisors Llc decreased its stake in Check Point Software Tech Lt (CHKP) by 22.29% based on its latest 2017Q4 regulatory filing with the SEC. Altrinsic Global Advisors Llc sold 113,720 shares as the company’s stock declined 2.77% with the market. The institutional investor held 396,417 shares of the prepackaged software company at the end of 2017Q4, valued at $41.08 million, down from 510,137 at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Check Point Software Tech Lt for a number of months, seems to be less bullish one the $16.71B market cap company. The stock decreased 0.84% or $0.87 during the last trading session, reaching $102.23. About 1.01M shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 4.45% since April 21, 2017 and is downtrending. It has underperformed by 16.00% the S&P500.

Altrinsic Global Advisors Llc, which manages about $14.11 billion and $2.61B US Long portfolio, upped its stake in Advance Auto Parts Inc (NYSE:AAP) by 229,740 shares to 409,930 shares, valued at $40.87 million in 2017Q4, according to the filing. It also increased its holding in Conduent Inc by 1.01 million shares in the quarter, for a total of 2.47M shares, and has risen its stake in Akcea Therapeutics Inc.

Analysts await Check Point Software Technologies Ltd. (NASDAQ:CHKP) to report earnings on April, 25 before the open. They expect $1.18 earnings per share, up 7.27% or $0.08 from last year’s $1.1 per share. CHKP’s profit will be $192.87 million for 21.66 P/E if the $1.18 EPS becomes a reality. After $1.48 actual earnings per share reported by Check Point Software Technologies Ltd. for the previous quarter, Wall Street now forecasts -20.27% negative EPS growth.

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. Barclays Capital maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, November 1. Barclays Capital has “Equal-Weight” rating and $106 target. The firm has “Mixed” rating given on Monday, July 11 by OTR GLobal. The rating was maintained by UBS with “Neutral” on Wednesday, November 1. The firm has “Hold” rating by RBC Capital Markets given on Sunday, September 10. The stock has “Neutral” rating by PiperJaffray on Friday, July 21. The firm earned “Hold” rating on Friday, August 4 by RBC Capital Markets. Cowen & Co maintained it with “Hold” rating and $104.0 target in Wednesday, January 31 report. On Wednesday, January 18 the stock rating was maintained by Jefferies with “Buy”. Wells Fargo initiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Wednesday, January 11 with “Outperform” rating. Wells Fargo downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Monday, January 4 to “Market Perform” rating.

Silvercrest Asset Management Group Llc, which manages about $15.87B and $10.75B US Long portfolio, upped its stake in Armada Hoffler Pptys Inc Com (NYSE:AHH) by 193,740 shares to 573,828 shares, valued at $8.91M in 2017Q4, according to the filing. It also increased its holding in Mimedx Group Inc Com (NASDAQ:MDXG) by 27,778 shares in the quarter, for a total of 111,778 shares, and has risen its stake in Ishares Tr (IWN).

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