Denver Investment Advisors Continues to Hold Stake in Costco Wholesale (COST); Fifth Third Bancorp Boosted Check Point Software Tech Lt (CHKP) Position

January 1, 2018 - By Dolores Ford

Fifth Third Bancorp increased its stake in Check Point Software Tech Lt (CHKP) by 7.09% based on its latest 2017Q3 regulatory filing with the SEC. Fifth Third Bancorp bought 3,184 shares as the company’s stock rose 7.13% with the market. The institutional investor held 48,074 shares of the prepackaged software company at the end of 2017Q3, valued at $5.48M, up from 44,890 at the end of the previous reported quarter. Fifth Third Bancorp who had been investing in Check Point Software Tech Lt for a number of months, seems to be bullish on the $16.94B market cap company. The stock decreased 0.06% or $0.06 during the last trading session, reaching $103.62. About 353,154 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since January 1, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Denver Investment Advisors Llc increased its stake in Costco Wholesale Corp (COST) by 4.65% based on its latest 2017Q3 regulatory filing with the SEC. Denver Investment Advisors Llc bought 2,104 shares as the company’s stock rose 1.54% with the market. The hedge fund held 47,311 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $7.77M, up from 45,207 at the end of the previous reported quarter. Denver Investment Advisors Llc who had been investing in Costco Wholesale Corp for a number of months, seems to be bullish on the $81.73B market cap company. The stock decreased 0.27% or $0.5 during the last trading session, reaching $186.12. About 2.03M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since January 1, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

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. Bernstein initiated the stock with “Underperform” rating in Friday, March 11 report. The rating was downgraded by Stephens to “Hold” on Wednesday, November 1. The stock has “Neutral” rating by Robert W. Baird on Wednesday, August 24. The stock has “Market Perform” rating by Raymond James on Thursday, April 21. PiperJaffray downgraded the stock to “Neutral” rating in Friday, July 21 report. On Monday, July 17 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) has “Hold” rating given on Thursday, June 1 by BMO Capital Markets. JP Morgan maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Wednesday, November 1 with “Neutral” rating. The company was downgraded on Tuesday, December 12 by J.P. Morgan. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Buy” rating by Oppenheimer on Thursday, July 20.

Fifth Third Bancorp, which manages about $13.98 billion US Long portfolio, decreased its stake in Olin Corp (NYSE:OLN) by 31,498 shares to 7,092 shares, valued at $243,000 in 2017Q3, according to the filing. It also reduced its holding in Yum Brands Inc (NYSE:YUM) by 20,702 shares in the quarter, leaving it with 370,441 shares, and cut its stake in Cummins Inc (NYSE:CMI).

Among 31 analysts covering Costco Wholesale (NASDAQ:COST), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Costco Wholesale had 115 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Oppenheimer on Thursday, August 31. Wells Fargo maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Monday, June 26. Wells Fargo has “Hold” rating and $17000 target. Jefferies maintained Costco Wholesale Corporation (NASDAQ:COST) on Thursday, September 28 with “Hold” rating. Raymond James maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Tuesday, December 5. Raymond James has “Buy” rating and $202.0 target. The firm earned “Buy” rating on Monday, October 26 by UBS. On Friday, December 15 the stock rating was maintained by Jefferies with “Hold”. Stifel Nicolaus reinitiated Costco Wholesale Corporation (NASDAQ:COST) rating on Friday, January 20. Stifel Nicolaus has “Buy” rating and $185 target. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Outperform” rating given on Friday, May 27 by RBC Capital Markets. Deutsche Bank maintained it with “Hold” rating and $144.0 target in Wednesday, September 30 report. The rating was maintained by Robert W. Baird with “Buy” on Monday, October 2.

Denver Investment Advisors Llc, which manages about $9.81B and $2.04 billion US Long portfolio, decreased its stake in Materion Corp (NYSE:MTRN) by 237,244 shares to 132,897 shares, valued at $5.74M in 2017Q3, according to the filing. It also reduced its holding in Amtrust Financial Services (NASDAQ:AFSI) by 392,095 shares in the quarter, leaving it with 1.87 million shares, and cut its stake in Broadcom Ltd.

Since August 1, 2017, it had 0 insider buys, and 10 selling transactions for $11.06 million activity. PORTERA JOSEPH P sold $1.93M worth of Costco Wholesale Corporation (NASDAQ:COST) on Tuesday, October 24. ZOOK DENNIS R also sold $810,788 worth of Costco Wholesale Corporation (NASDAQ:COST) shares. 1,000 shares valued at $164,920 were sold by MEISENBACH JOHN W on Monday, October 2. 5,000 shares were sold by Rose Timothy L., worth $966,000 on Monday, December 18. LIBENSON RICHARD M sold $3.86 million worth of stock or 20,000 shares. GALANTI RICHARD A sold $802,892 worth of Costco Wholesale Corporation (NASDAQ:COST) on Friday, October 20.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: