Meridian Investment Counsel Upped By $768,996 Its Molson Coors Brewing Co (TAP) Stake; 4 Analysts Are Bullish Check Point Software Technologies Ltd. (CHKP) Last Week

May 20, 2018 - By Richard Conner

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

Meridian Investment Counsel Inc increased Molson Coors Brewing Co (TAP) stake by 28.35% reported in 2017Q4 SEC filing. Meridian Investment Counsel Inc acquired 9,378 shares as Molson Coors Brewing Co (TAP)’s stock declined 8.47%. The Meridian Investment Counsel Inc holds 42,454 shares with $3.48 million value, up from 33,076 last quarter. Molson Coors Brewing Co now has $13.00 billion valuation. The stock decreased 0.03% or $0.02 during the last trading session, reaching $60.24. About 1.54 million shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since May 20, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

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. As per Sunday, September 10, the company rating was maintained by RBC Capital Markets. Evercore maintained the shares of CHKP in report on Friday, August 11 with “Hold” rating. UBS maintained the shares of CHKP in report on Wednesday, November 1 with “Neutral” rating. On Thursday, September 17 the stock rating was maintained by Wells Fargo with “Outperform”. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, January 17. The firm earned “Buy” rating on Monday, August 14 by Oppenheimer. The rating was maintained by Credit Suisse on Thursday, April 26 with “Neutral”. PiperJaffray initiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, September 28. PiperJaffray has “Overweight” rating and $95 target. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, November 1 report. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Stifel Nicolaus on Sunday, September 10. See Check Point Software Technologies Ltd. (NASDAQ:CHKP) latest ratings:

09/05/2018 Broker: Argus Research Old Rating: Buy New Rating: Hold Old Target: $124 Downgrade
25/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $95.0000 Maintain
26/04/2018 Broker: Macquarie Research Old Rating: Neutral New Rating: Neutral Old Target: $102 New Target: $99 Maintain
26/04/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $110 New Target: $106 Maintain
26/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $105 New Target: $100 Maintain
26/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $106 New Target: $104 Maintain
26/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $113 New Target: $103 Maintain
25/04/2018 Broker: BMO Capital Markets Rating: Hold New Target: $108.0000 Maintain
25/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $110.0000 Maintain
25/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $95.0000

Since January 16, 2018, it had 0 insider purchases, and 4 sales for $5.05 million activity. The insider Cox Simon sold 203 shares worth $16,378. Anand Krishnan sold $184,861 worth of stock. Another trade for 2,070 shares valued at $126,800 was sold by Hunter Mark. 55,603 shares valued at $4.73 million were sold by COORS PETER H on Tuesday, January 16.

Among 16 analysts covering Molson Coors Brewing Company (NYSE:TAP), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Molson Coors Brewing Company had 60 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, March 16, the company rating was maintained by Susquehanna. Citigroup maintained Molson Coors Brewing Company (NYSE:TAP) rating on Friday, November 3. Citigroup has “Buy” rating and $102 target. The rating was initiated by UBS on Monday, December 12 with “Neutral”. The firm has “Hold” rating by Cowen & Co given on Thursday, July 13. As per Monday, October 23, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 18. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 2. The stock of Molson Coors Brewing Company (NYSE:TAP) earned “Buy” rating by BMO Capital Markets on Monday, February 5. Bryan Garnier & Cie initiated Molson Coors Brewing Company (NYSE:TAP) on Tuesday, November 17 with “Buy” rating. Citigroup initiated Molson Coors Brewing Company (NYSE:TAP) rating on Friday, April 8. Citigroup has “Neutral” rating and $97 target.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.07, from 1.18 in 2017Q3. It is negative, as 62 investors sold TAP shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported. Parallax Volatility Advisers Lp accumulated 0% or 4,337 shares. Tower Rech Limited Liability Com (Trc), a New York-based fund reported 2,624 shares. Hm Payson And stated it has 32,058 shares or 0.11% of all its holdings. Cibc Asset holds 0.02% or 30,646 shares. Toronto Dominion State Bank owns 85,658 shares. Parkside Comml Bank And Tru has 75 shares for 0% of their portfolio. Whittier Trust Of Nevada Inc holds 1,600 shares or 0.01% of its portfolio. The Minnesota-based Gradient Invests Ltd Com has invested 0.45% in Molson Coors Brewing Company (NYSE:TAP). Fred Alger Mngmt reported 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Conning Inc invested in 0.01% or 2,811 shares. Willingdon Wealth reported 0% stake. Cubist Systematic Strategies Ltd Liability holds 0.1% or 22,489 shares. Credit Suisse Ag accumulated 259,190 shares. Farmers Bancorp accumulated 753 shares. Peddock Capital Advsrs Limited Liability holds 200 shares or 0.01% of its portfolio.

More important recent Molson Coors Brewing Company (NYSE:TAP) news were published by: Seekingalpha.com which released: “Molson Coors: TAP Into This Dividend Stock” on April 26, 2018, also Seekingalpha.com published article titled: “Molson Coors Brewing (TAP) Q1 2018 Results – Earnings Call Transcript”, Bizjournals.com published: “MillerCoors’ Zima returns for a limited encore run” on May 14, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018.

Check Point Software Technologies Ltd. provides hardware and software services and products for IT security worldwide. The company has market cap of $15.22 billion. The firm offers a portfolio of network security, endpoint security, data security, and management solutions. It has a 19.85 P/E ratio. It provides security gateways to protect the networks and prevent the threats of enterprises, data centers, and small and large branch offices; security gateway appliances, including platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and security management software, which offers security management through a single console that streamlines security activities and provides visibility into policy administration and threat analysis.

More notable recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Benzinga.com which released: “Argus Downgrades Check Point Software On Execution Issues” on May 09, 2018, also Globenewswire.com with their article: “Check Point Software Technologies Reports 2018 First Quarter Financial Results” published on April 25, 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: “Check Point Software’s Fifth-Generation Challenge” published on May 03, 2018 as well as Benzinga.com‘s news article titled: “Cybersecurity Stocks Trade Lower After White House Eliminates Vacant Cyber Coordinator Position” with publication date: May 16, 2018.

The stock decreased 0.29% or $0.28 during the last trading session, reaching $95.68. About 723,224 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 4.45% since May 20, 2017 and is downtrending. It has underperformed by 16.00% the S&P500.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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