Welch Capital Partners’ Top Tech Picks

#2 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Shares held (as of September 30): 160,210
Total Value (as of September 30): $12.71 million
Percent of Portfolio (as of September 30): 4.32%

Check Point Software Technologies Ltd. (NASDAQ:CHKP) reported third quarter earnings of $1.04 per share on revenues of $403.86 million, beating estimates by $0.06 per share and $0.9 million, respectively. Guidance was solid, with management expecting fourth quarter EPS of $1.10-to-$1.18 versus estimates of $1.11 per share. Deferred revenue rose by 17% year-over-year to $772 million and the company bought back $250 million of stock in the quarter. Analysts think there is some upside left, as 14 analysts have a ‘Buy’ rating, two have a ‘Sell’ rating, and seven have a ‘Hold’ rating. Overall, analysts have a consensus price target of $92.12 per share, giving shares an upside of 10.96% from current levels. David Blood and Al Gore‘s Generation Investment Management owned 5.81 million shares of the company at the end of June.

#1 Oracle Corporation (NYSE:ORCL)

Shares held (as of September 30): 432,951
Total Value (as of September 30): $15.64 million
Percent of Portfolio (as of September 30): 5.32%

Oracle Corporation (NYSE:ORCL) still dominates the market of mission critical databases. Given its M&A over the past decade, the company also dominates several other lucrative enterprise categories too. Open sourced alternatives in NoSQL and relational databases will always threaten, but as long as Oracle innovates, shareholders have nothing to fear. Shares are down by 14.79% year-to-date, but trade at a bargain-priced 13.12-times forward earnings. Analysts don’t think Oracle’s earnings will grow as fast as they once did, but Oracle has proven them wrong before. Eagle Capital Management owned 42.24 million shares of Oracle at the end of the second quarter.

Disclosure: None