West Family Investments Lowered General Mtrs Co (GM) Stake by $1.10 Million as Market Value Declined; Westport Asset Management Increased Position in Check Point Software Technolog (CHKP) by $654,000

April 17, 2018 - By Adrian Erickson

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

West Family Investments Inc decreased its stake in General Mtrs Co (GM) by 34.74% based on its latest 2017Q4 regulatory filing with the SEC. West Family Investments Inc sold 27,500 shares as the company’s stock declined 17.02% with the market. The institutional investor held 51,649 shares of the auto manufacturing company at the end of 2017Q4, valued at $2.12 million, down from 79,149 at the end of the previous reported quarter. West Family Investments Inc who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $54.91 billion market cap company. The stock increased 0.10% or $0.04 during the last trading session, reaching $39.21. About 3.03 million shares traded. General Motors Company (NYSE:GM) has risen 0.46% since April 17, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

Westport Asset Management Inc increased its stake in Check Point Software Technolog (CHKP) by 34.68% based on its latest 2017Q4 regulatory filing with the SEC. Westport Asset Management Inc bought 6,000 shares as the company’s stock declined 2.77% with the market. The institutional investor held 23,300 shares of the prepackaged software company at the end of 2017Q4, valued at $2.54M, up from 17,300 at the end of the previous reported quarter. Westport Asset Management Inc who had been investing in Check Point Software Technolog for a number of months, seems to be bullish on the $17.01 billion market cap company. The stock increased 1.09% or $1.12 during the last trading session, reaching $104.06. About 466,189 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 4.45% since April 17, 2017 and is downtrending. It has underperformed by 16.00% 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. Piper Jaffray maintained it with “Hold” rating and $103.0 target in Wednesday, January 31 report. On Friday, January 20 the stock rating was upgraded by First Analysis to “Overweight”. The firm earned “Neutral” rating on Wednesday, November 1 by JP Morgan. BMO Capital Markets maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Thursday, August 31. BMO Capital Markets has “Hold” rating and $115.0 target. The rating was initiated by BMO Capital Markets on Thursday, January 5 with “Market Perform”. The company was downgraded on Thursday, April 21 by Raymond James. PiperJaffray initiated the stock with “Overweight” rating in Wednesday, September 28 report. As per Wednesday, September 20, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Buy” rating on Monday, August 14 by Oppenheimer. The company was maintained on Friday, August 4 by RBC Capital Markets.

Westport Asset Management Inc, which manages about $301.70 million and $132.44 million US Long portfolio, decreased its stake in Universal Health Services Inc (NYSE:UHS) by 15,323 shares to 104,338 shares, valued at $11.58 million in 2017Q4, according to the filing.

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 26 before the open. They expect $1.26 earnings per share, down 25.88% or $0.44 from last year’s $1.7 per share. GM’s profit will be $1.76 billion for 7.78 P/E if the $1.26 EPS becomes a reality. After $1.65 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -23.64% negative EPS growth.

Among 29 analysts covering General Motors Company (NYSE:GM), 17 have Buy rating, 3 Sell and 9 Hold. Therefore 59% are positive. General Motors Company had 93 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Hold” rating by Standpoint Research given on Thursday, September 14. On Wednesday, October 26 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Buy” rating given on Tuesday, January 16 by CFRA. On Wednesday, October 25 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Overweight” rating by Morgan Stanley on Wednesday, June 28. Morgan Stanley upgraded General Motors Company (NYSE:GM) on Monday, September 19 to “Overweight” rating. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Friday, July 22. RBC Capital Markets has “Sector Perform” rating and $34 target. Morgan Stanley downgraded General Motors Company (NYSE:GM) on Wednesday, October 25 to “Equal-Weight” rating. The company was upgraded on Monday, April 9 by Morgan Stanley.

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