Fdx Advisors Has Cut Stake in Chevron New Com (CVX) by $5.40 Million; As Check Point Software (Israel) (CHKP) Stock Price Declined, Fcm Investments Decreased Holding by $329,497

April 24, 2018 - By Marguerite Chambers

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

Fcm Investments decreased its stake in Check Point Software (Israel) (CHKP) by 10.27% based on its latest 2017Q4 regulatory filing with the SEC. Fcm Investments sold 3,199 shares as the company’s stock declined 2.77% with the market. The hedge fund held 27,941 shares of the prepackaged software company at the end of 2017Q4, valued at $2.90M, down from 31,140 at the end of the previous reported quarter. Fcm Investments who had been investing in Check Point Software (Israel) for a number of months, seems to be less bullish one the $17.01B market cap company. The stock increased 1.25% or $1.28 during the last trading session, reaching $104.08. About 193,738 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 4.45% since April 24, 2017 and is downtrending. It has underperformed by 16.00% the S&P500.

Fdx Advisors Inc decreased its stake in Chevron Corp New Com (CVX) by 24.78% based on its latest 2017Q4 regulatory filing with the SEC. Fdx Advisors Inc sold 43,167 shares as the company’s stock declined 8.26% with the market. The institutional investor held 131,023 shares of the integrated oil company at the end of 2017Q4, valued at $16.40 million, down from 174,190 at the end of the previous reported quarter. Fdx Advisors Inc who had been investing in Chevron Corp New Com for a number of months, seems to be less bullish one the $237.92B market cap company. The stock increased 0.74% or $0.92 during the last trading session, reaching $124.5. About 460,819 shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 24, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Fcm Investments, which manages about $373.26M and $70.14 million US Long portfolio, upped its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 9,021 shares to 14,430 shares, valued at $5.27M in 2017Q4, according to the filing.

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 $192.86M for 22.05 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. The rating was maintained by Jefferies on Friday, July 7 with “Buy”. The rating was maintained by JP Morgan on Wednesday, November 1 with “Neutral”. The firm earned “Hold” rating on Thursday, September 14 by Robert W. Baird. The firm earned “Outperform” rating on Thursday, September 17 by Wells Fargo. The rating was downgraded by Raymond James on Thursday, April 21 to “Market Perform”. The firm has “Hold” rating given on Tuesday, December 12 by J.P. Morgan. BTIG Research upgraded the shares of CHKP in report on Tuesday, February 7 to “Buy” rating. The firm has “Neutral” rating by PiperJaffray given on Friday, July 21. The firm earned “Hold” rating on Thursday, June 1 by BMO Capital Markets. On Wednesday, November 1 the stock rating was downgraded by Stephens to “Hold”.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 EPS, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83B for 21.03 P/E if the $1.48 EPS becomes a reality. After $0.73 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Fdx Advisors Inc, which manages about $3.11B and $3.68B US Long portfolio, upped its stake in Powershares Etf Tr Ii Fdm Hg Yld Rafi (PHB) by 39,342 shares to 277,236 shares, valued at $5.25M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr Core Sp Scp Etf (IJR) by 187,900 shares in the quarter, for a total of 630,895 shares, and has risen its stake in Mckesson Corp Com (NYSE:MCK).

Since April 17, 2018, it had 0 insider purchases, and 1 insider sale for $3.11 million activity.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 120 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Hold” rating by HSBC on Thursday, January 18. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, October 17 by Macquarie Research. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, September 19 by Cowen & Co. On Monday, February 5 the stock rating was maintained by Credit Suisse with “Neutral”. Macquarie Research upgraded the stock to “Outperform” rating in Thursday, December 15 report. The firm has “Hold” rating given on Thursday, January 4 by Bank of America. The company was upgraded on Wednesday, January 4 by Bank of America. Vetr upgraded it to “Buy” rating and $83.96 target in Tuesday, August 25 report. As per Monday, August 24, the company rating was upgraded by Bank of America. The rating was upgraded by JP Morgan on Friday, September 11 to “Overweight”.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.04, from 0.95 in 2017Q3. It improved, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Private Capital Advsr Inc holds 18,946 shares. Somerville Kurt F has 0.8% invested in Chevron Corporation (NYSE:CVX) for 31,042 shares. 1.16 million were accumulated by Regions Finance. Trust Commerce Of Vermont holds 103,103 shares or 1.2% of its portfolio. Oppenheimer Asset owns 361,902 shares or 1.13% of their US portfolio. Wealthtrust, a Alabama-based fund reported 911 shares. Moreover, Usca Ria has 0.57% invested in Chevron Corporation (NYSE:CVX). Ruggie Gru has 0.15% invested in Chevron Corporation (NYSE:CVX). Eagleclaw Capital Managment Lc accumulated 19,705 shares. New England Private Wealth Advsr Ltd has 7,122 shares for 0.25% of their portfolio. Ghp Investment Advisors holds 0.54% or 30,140 shares. Nippon Life Investors Americas invested in 1.81% or 181,260 shares. Rafferty Asset Mngmt Lc holds 24,856 shares or 0.05% of its portfolio. Waddell And Reed Fincl holds 0.35% in Chevron Corporation (NYSE:CVX) or 1.27 million shares. Franklin Resource reported 14.94M shares.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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