5 Stocks That Just Received Sell Rating from Analysts

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In this article, we discuss the 5 stocks that just received a Sell rating from analysts. If you want to read our detailed analysis of these stocks, go directly to the 10 Stocks That Just Received Sell Rating from Analysts.

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

Number of Hedge Fund Holders: 29  

Check Point Software Technologies Ltd. (NASDAQ:CHKP) is ranked fifth on our list of 10 stocks that just received a Sell rating from analysts. The company develops and sells security solutions for the information technology industry. It operates from Israel. 

On September 13, investment advisory Goldman Sachs downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) stock to Sell from Neutral and lowered the price target to $121 from $133, citing risk to growth driven by a lack of inflection in sales efficiency for the firm.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Check Point Software Technologies Ltd. (NASDAQ:CHKP) with 1.1 million shares worth more than $134 million. 

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and Check Point Software Technologies Ltd. (NASDAQ:CHKP) was one of them. Here is what the fund said:

“Another software holding, Israeli security firm Check Point, saw its shares fall after announcing that investments to fund its future growth will reduce margins this year.”

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