Sands Capital Management Boosted Its Stake in Taiwan Semiconductor Mfg LTD (TSM) as Valuation Rose; Eagle Global Advisors Boosted Its Check Point Software Tech Lt (CHKP) Stake by $543,780 as Shares Rose

January 19, 2018 - By Marguerite Chambers

Eagle Global Advisors Llc increased its stake in Check Point Software Tech Lt (CHKP) by 6.91% based on its latest 2017Q3 regulatory filing with the SEC. Eagle Global Advisors Llc bought 4,770 shares as the company’s stock rose 7.13% with the market. The hedge fund held 73,751 shares of the prepackaged software company at the end of 2017Q3, valued at $8.41 million, up from 68,981 at the end of the previous reported quarter. Eagle Global Advisors Llc who had been investing in Check Point Software Tech Lt for a number of months, seems to be bullish on the $17.02 billion market cap company. The stock increased 0.89% or $0.9141 during the last trading session, reaching $104.1141. About 1.41M shares traded or 7.31% up from the average. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since January 19, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Sands Capital Management Llc increased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 19.37% based on its latest 2017Q3 regulatory filing with the SEC. Sands Capital Management Llc bought 318,775 shares as the company’s stock rose 8.84% with the market. The institutional investor held 1.96 million shares of the semiconductors company at the end of 2017Q3, valued at $73.77 million, up from 1.65M at the end of the previous reported quarter. Sands Capital Management Llc who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be bullish on the $219.43B market cap company. The stock increased 0.28% or $0.125 during the last trading session, reaching $44.695. About 5.31 million shares traded or 2.18% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since January 19, 2017 and is uptrending. It has outperformed by 34.70% the S&P500.

Eagle Global Advisors Llc, which manages about $3.60B and $3.31B US Long portfolio, decreased its stake in Enterprise Prods Partners L (NYSE:EPD) by 248,976 shares to 9.23M shares, valued at $240.65M in 2017Q3, according to the filing. It also reduced its holding in Tallgrass Energy Gp Lp by 41,000 shares in the quarter, leaving it with 2.28M shares, and cut its stake in Teekay Offshore Partners LP (NYSE:TOO).

Among 32 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 6 have Buy rating, 1 Sell and 25 Hold. Therefore 19% are positive. Check Point Software Technologies Ltd. had 68 analyst reports since September 10, 2015 according to SRatingsIntel. BMO Capital Markets initiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Thursday, January 5 with “Market Perform” rating. The firm has “Hold” rating given on Tuesday, December 15 by Evercore. The rating was reinitiated by Wunderlich with “Hold” on Tuesday, September 13. The rating was maintained by Piper Jaffray on Friday, October 6 with “Hold”. The rating was downgraded by Wells Fargo on Monday, January 4 to “Market Perform”. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Buy” rating by BTIG Research on Tuesday, February 7. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Neutral” rating by BTIG Research on Thursday, September 10. Cowen & Co maintained the shares of CHKP in report on Wednesday, September 6 with “Buy” rating. As per Thursday, June 1, the company rating was maintained by BMO Capital Markets. The rating was initiated by Robert W. Baird on Wednesday, August 24 with “Neutral”.

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