Alecta Pensionsforsakring Omsesidigt Has Lifted Its Check Point Software Technologies LTD (CHKP) Position by $44.81 Million; Greenhaven Associates Lowered Its Position in Goldman Sachs (Gs) (GS) as Stock Value Declined

May 22, 2018 - By Peter Kolinski

The Goldman Sachs Group, Inc. (NYSE:GS) Logo

Alecta Pensionsforsakring Omsesidigt increased its stake in Check Point Software Technologies Ltd. (CHKP) by 10.25% based on its latest 2017Q4 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt bought 435,000 shares as the company’s stock declined 2.77% with the market. The institutional investor held 4.68M shares of the prepackaged software company at the end of 2017Q4, valued at $484.94M, up from 4.25M at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Check Point Software Technologies Ltd. for a number of months, seems to be bullish on the $15.42B market cap company. The stock increased 1.35% or $1.29 during the last trading session, reaching $96.97. About 955,626 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 4.45% since May 22, 2017 and is downtrending. It has underperformed by 16.00% the S&P500.

Edgar Wachenheim decreased its stake in Goldman Sachs (Gs) (GS) by 0.2% based on its latest 2017Q4 regulatory filing with the SEC. Greenhaven Associates Inc sold 7,450 shares as the company’s stock declined 4.52% with the market. The hedge fund run by Edgar Wachenheim held 3.70M shares of the finance company at the end of 2017Q4, valued at $942.17 million, down from 3.71 million at the end of the previous reported quarter. Greenhaven Associates Inc who had been investing in Goldman Sachs (Gs) for a number of months, seems to be less bullish one the $89.78 billion market cap company. The stock increased 0.30% or $0.7 during the last trading session, reaching $237.7. About 1.95M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 9.66% since May 22, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

Alecta Pensionsforsakring Omsesidigt, which manages about $12.31 billion US Long portfolio, decreased its stake in Polaris Industries Inc (NYSE:PII) by 200,000 shares to 250,000 shares, valued at $31.00 million in 2017Q4, according to the filing. It also reduced its holding in Vf Corp (NYSE:VFC) by 220,000 shares in the quarter, leaving it with 4.77M shares, and cut its stake in Lauder (Estee) Co. (NYSE:EL).

Among 33 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 4 have Buy rating, 1 Sell and 28 Hold. Therefore 12% are positive. Check Point Software Technologies Ltd. had 83 analyst reports since September 10, 2015 according to SRatingsIntel. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by BMO Capital Markets on Wednesday, January 31. The stock has “Market Perform” rating by Wells Fargo on Monday, January 4. The rating was maintained by Cowen & Co with “Buy” on Thursday, July 20. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Buy” rating by Cowen & Co on Wednesday, September 6. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Evercore on Friday, August 11. Northland Capital maintained it with “Hold” rating and $120.0 target in Wednesday, November 1 report. Macquarie Research maintained it with “Neutral” rating and $99 target in Thursday, April 26 report. Piper Jaffray maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, January 31. Piper Jaffray has “Hold” rating and $103.0 target. The rating was downgraded by PiperJaffray to “Neutral” on Friday, July 21. BMO Capital Markets maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, April 25. BMO Capital Markets has “Hold” rating and $10800 target.

More notable recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Benzinga.com which released: “Cybersecurity Stocks Trade Lower After White House Eliminates Vacant Cyber Coordinator Position” on May 16, 2018, also Globes.Co.Il with their article: “State to provide deposit insurance solution for new banks” published on May 21, 2018, Nasdaq.com published: “April’s Most Wanted Malware: Cryptomining Malware Targeting Unpatched Server Vulnerabilities, says Check Point” on May 14, 2018. More interesting news about Check Point Software Technologies Ltd. (NASDAQ:CHKP) were released by: Nasdaq.com and their article: “Finjan Files Patent Infringement Complaint Against Check Point USA and Check Point Israel” published on May 04, 2018 as well as Globenewswire.com‘s news article titled: “Check Point Software Technologies Reports 2018 First Quarter Financial Results” with publication date: April 25, 2018.

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Bizjournals.com which released: “Data intelligence startup Cuebiq secures $27M in venture capital” on May 22, 2018, also Seekingalpha.com with their article: “Goldman Sachs: Packing My Bags” published on May 02, 2018, Nasdaq.com published: “Playing $80 Oil: Be Safe, or Be Daring” on May 21, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Seekingalpha.com and their article: “Goldman hires cryptocurrency head” published on April 23, 2018 as well as Thestreet.com‘s news article titled: “Rumors on TheStreet: Goldman Sachs CEO Hints at a Sales Breakout” with publication date: May 08, 2018.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.24, from 0.75 in 2017Q3. It improved, as 60 investors sold GS shares while 371 reduced holdings. 106 funds opened positions while 322 raised stakes. 268.85 million shares or 1.06% less from 271.74 million shares in 2017Q3 were reported. Nbt Bancshares N A reported 0.36% in The Goldman Sachs Group, Inc. (NYSE:GS). Moreover, Utd Cap Fincl Advisers Limited Liability has 0.17% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 83,447 shares. Tdam Usa Incorporated holds 2,587 shares. Numeric Invsts Limited Company owns 1.64% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 884,822 shares. Verition Fund Management Ltd Company, a Connecticut-based fund reported 5,614 shares. Manchester Cap Management Ltd Liability Corporation stated it has 0.11% in The Goldman Sachs Group, Inc. (NYSE:GS). San Francisco Sentry Investment Gru (Ca) reported 1,067 shares. Weiss Multi reported 0.11% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). 76,952 were accumulated by Rafferty Asset Management Lc. Cornerstone Advsrs holds 0.52% or 18,000 shares. Raymond James Tru Na has 0.14% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Perigon Wealth Management Lc reported 419 shares or 0.04% of all its holdings. 3,341 were reported by Leisure. Rmb Cap Ltd holds 0.01% or 1,292 shares. Franklin Street Nc holds 14,772 shares or 0.56% of its portfolio.

Among 32 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 14 have Buy rating, 1 Sell and 17 Hold. Therefore 44% are positive. Goldman Sachs Group Inc. had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Sell” rating given on Monday, November 6 by Vertical Group. The company was maintained on Thursday, January 18 by Barclays Capital. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 6 report. The company was maintained on Wednesday, May 31 by BMO Capital Markets. The firm earned “Sector Perform” rating on Wednesday, October 19 by RBC Capital Markets. Vining Sparks upgraded the stock to “Buy” rating in Friday, April 6 report. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, January 17. Vetr upgraded The Goldman Sachs Group, Inc. (NYSE:GS) on Monday, August 24 to “Buy” rating. The firm has “Outperform” rating by Oppenheimer given on Tuesday, January 5. On Monday, March 26 the stock rating was maintained by Oppenheimer with “Buy”.

Since January 18, 2018, it had 0 insider purchases, and 8 selling transactions for $22.92 million activity. SALAME PABLO J had sold 10,000 shares worth $2.70M on Thursday, February 1. The insider ROGERS JOHN F.W. sold $1.17 million. CHAVEZ R. MARTIN had sold 11,829 shares worth $3.18M. LEE BRIAN J also sold $1.78 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) shares. The insider SOLOMON DAVID M sold 3,497 shares worth $854,665.

Greenhaven Associates Inc, which manages about $5.72 billion and $6.63 billion US Long portfolio, upped its stake in Lennar Corporation (NYSE:LEN) by 22,600 shares to 5.45M shares, valued at $344.51M in 2017Q4, according to the filing. It also increased its holding in Adient Plc (Adnt) by 13,500 shares in the quarter, for a total of 1.88M shares, and has risen its stake in Pultegroup (Phm) (NYSE:PHM).

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on July, 17. They expect $4.67 earnings per share, up 18.23% or $0.72 from last year’s $3.95 per share. GS’s profit will be $1.76B for 12.72 P/E if the $4.67 EPS becomes a reality. After $6.95 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -32.81% negative EPS growth.

The Goldman Sachs Group, Inc. (NYSE:GS) Institutional Positions Chart

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