As Check Point (CHKP) Valuation Declined, Suncoast Equity Management Has Decreased Its Stake by $304,365; Mueller Wtr Prods (MWA) Holder Zurcher Kantonalbank Zurich Cantonalbank Decreased Holding as Stock Value Declined

April 19, 2018 - By Marguerite Chambers

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

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Mueller Wtr Prods Inc (MWA) by 23.58% based on its latest 2017Q4 regulatory filing with the SEC. Zurcher Kantonalbank Zurich Cantonalbank sold 156,897 shares as the company’s stock declined 12.25% with the market. The institutional investor held 508,553 shares of the metal fabrications company at the end of 2017Q4, valued at $6.37M, down from 665,450 at the end of the previous reported quarter. Zurcher Kantonalbank Zurich Cantonalbank who had been investing in Mueller Wtr Prods Inc for a number of months, seems to be less bullish one the $1.65B market cap company. The stock decreased 0.57% or $0.06 during the last trading session, reaching $10.42. About 533,782 shares traded. Mueller Water Products, Inc. (NYSE:MWA) has declined 6.32% since April 19, 2017 and is downtrending. It has underperformed by 17.87% the S&P500.

Suncoast Equity Management decreased its stake in Check Point (CHKP) by 2.61% based on its latest 2017Q4 regulatory filing with the SEC. Suncoast Equity Management sold 2,955 shares as the company’s stock declined 2.77% with the market. The institutional investor held 110,082 shares of the prepackaged software company at the end of 2017Q4, valued at $11.41 million, down from 113,037 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Check Point for a number of months, seems to be less bullish one the $16.86 billion market cap company. The stock decreased 0.87% or $0.91 during the last trading session, reaching $103.18. About 440,333 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 4.45% since April 19, 2017 and is downtrending. It has underperformed by 16.00% the S&P500.

Analysts await Mueller Water Products, Inc. (NYSE:MWA) to report earnings on April, 26. They expect $0.10 EPS, up 11.11% or $0.01 from last year’s $0.09 per share. MWA’s profit will be $15.87 million for 26.05 P/E if the $0.10 EPS becomes a reality. After $0.06 actual EPS reported by Mueller Water Products, Inc. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

Zurcher Kantonalbank Zurich Cantonalbank, which manages about $11.25 billion US Long portfolio, upped its stake in Garmin Ltd (NASDAQ:GRMN) by 25,509 shares to 173,125 shares, valued at $10.31 million in 2017Q4, according to the filing. It also increased its holding in Coty Inc (NYSE:COTY) by 16,008 shares in the quarter, for a total of 102,904 shares, and has risen its stake in Iac Interactivecorp (NASDAQ:IACI).

Among 11 analysts covering Mueller Water Products (NYSE:MWA), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Mueller Water Products had 31 analyst reports since January 12, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, May 11 by IBC. The rating was maintained by Cowen & Co on Wednesday, September 20 with “Hold”. The company was maintained on Thursday, September 7 by Robert W. Baird. The stock has “Market Perform” rating by Cowen & Co on Wednesday, March 15. The stock of Mueller Water Products, Inc. (NYSE:MWA) earned “Buy” rating by Goldman Sachs on Wednesday, March 8. RBC Capital Markets maintained Mueller Water Products, Inc. (NYSE:MWA) rating on Thursday, June 1. RBC Capital Markets has “Buy” rating and $1400 target. The firm has “Hold” rating by Cowen & Co given on Wednesday, July 19. RBC Capital Markets maintained Mueller Water Products, Inc. (NYSE:MWA) rating on Sunday, February 4. RBC Capital Markets has “Buy” rating and $13.0 target. DA Davidson maintained the stock with “Neutral” rating in Friday, August 5 report. Oppenheimer maintained the shares of MWA in report on Thursday, December 28 with “Buy” rating.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.44, from 1.42 in 2017Q3. It is negative, as 26 investors sold MWA shares while 63 reduced holdings. 26 funds opened positions while 61 raised stakes. 133.39 million shares or 0.86% more from 132.25 million shares in 2017Q3 were reported. Citadel Advsr Ltd Limited Liability Company invested in 310,658 shares or 0% of the stock. Pub Employees Retirement System Of Ohio reported 7,335 shares. Daiwa Securities Gp reported 66,000 shares stake. Stevens First Principles Invest holds 53,475 shares. 10,000 are held by Bb&T. Suntrust Banks Inc stated it has 0.01% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Regions Fincl has 584 shares for 0% of their portfolio. Essex Investment Management Co Ltd Com invested in 0.14% or 86,654 shares. Swiss Savings Bank has invested 0% in Mueller Water Products, Inc. (NYSE:MWA). Great West Life Assurance Can holds 0% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA) for 23,067 shares. Glenmede Na invested 0% in Mueller Water Products, Inc. (NYSE:MWA). Rice Hall James Lc reported 749,854 shares stake. Bluestein R H And Com accumulated 10,000 shares or 0.01% of the stock. Renaissance Techs Ltd Llc owns 0.02% invested in Mueller Water Products, Inc. (NYSE:MWA) for 1.43 million shares. Earnest Partners Ltd Liability Corp reported 0.99% in Mueller Water Products, Inc. (NYSE:MWA).

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. On Wednesday, November 1 the stock rating was downgraded by Cowen & Co to “Hold”. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Market Perform” rating by BMO Capital Markets on Friday, January 20. Wunderlich reinitiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Tuesday, September 13 with “Hold” rating. The company was maintained on Wednesday, June 28 by Oppenheimer. The firm earned “Mixed” rating on Monday, July 11 by OTR GLobal. The rating was downgraded by BTIG Research to “Hold” on Wednesday, November 1. The company was maintained on Thursday, September 17 by Wells Fargo. The firm earned “Neutral” rating on Thursday, April 21 by UBS. The rating was maintained by Oppenheimer with “Buy” on Tuesday, June 13. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) has “Hold” rating given on Friday, October 6 by Piper Jaffray.

Mueller Water Products, Inc. (NYSE:MWA) Institutional Positions Chart

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