Firsthand Capital Management Has Trimmed Its Arista Networks (ANET) Position by $945,000; Enterprise Prods Partners L (EPD) Market Valuation Declined While Tiedemann Wealth Management Has Lowered Position

January 14, 2018 - By Adrian Erickson

Firsthand Capital Management Inc decreased its stake in Arista Networks Inc. (ANET) by 6.67% based on its latest 2017Q3 regulatory filing with the SEC. Firsthand Capital Management Inc sold 5,000 shares as the company’s stock rose 21.01% with the market. The institutional investor held 70,000 shares of the technology company at the end of 2017Q3, valued at $13.27M, down from 75,000 at the end of the previous reported quarter. Firsthand Capital Management Inc who had been investing in Arista Networks Inc. for a number of months, seems to be less bullish one the $18.94B market cap company. The stock decreased 0.67% or $1.76 during the last trading session, reaching $259.03. About 824,210 shares traded. Arista Networks, Inc. (NYSE:ANET) has risen 111.25% since January 14, 2017 and is uptrending. It has outperformed by 94.55% the S&P500.

Tiedemann Wealth Management Llc decreased its stake in Enterprise Prods Partners L (EPD) by 1.42% based on its latest 2017Q3 regulatory filing with the SEC. Tiedemann Wealth Management Llc sold 21,776 shares as the company’s stock declined 6.06% while stock markets rallied. The institutional investor held 1.51M shares of the natural gas distribution company at the end of 2017Q3, valued at $26.92 million, down from 1.53 million at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $62.41B market cap company. The stock increased 0.94% or $0.27 during the last trading session, reaching $28.88. About 6.11M shares traded or 0.57% up from the average. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since January 14, 2017 and is downtrending. It has underperformed by 16.88% the S&P500.

Analysts await Arista Networks, Inc. (NYSE:ANET) to report earnings on February, 15. They expect $1.25 earnings per share, up 38.89% or $0.35 from last year’s $0.9 per share. ANET’s profit will be $91.37M for 51.81 P/E if the $1.25 EPS becomes a reality. After $1.37 actual earnings per share reported by Arista Networks, Inc. for the previous quarter, Wall Street now forecasts -8.76% negative EPS growth.

Among 32 analysts covering Arista Networks (NYSE:ANET), 16 have Buy rating, 0 Sell and 16 Hold. Therefore 50% are positive. Arista Networks had 108 analyst reports since July 29, 2015 according to SRatingsIntel. On Friday, April 7 the stock rating was downgraded by Nomura to “Neutral”. RBC Capital Markets maintained Arista Networks, Inc. (NYSE:ANET) on Thursday, September 7 with “Hold” rating. Stifel Nicolaus downgraded Arista Networks, Inc. (NYSE:ANET) rating on Monday, April 3. Stifel Nicolaus has “Hold” rating and $135 target. The rating was maintained by Needham on Thursday, November 16 with “Buy”. The firm has “Neutral” rating by UBS given on Friday, November 3. The stock of Arista Networks, Inc. (NYSE:ANET) has “Neutral” rating given on Friday, November 3 by Nomura. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 15. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 17. The stock of Arista Networks, Inc. (NYSE:ANET) earned “Hold” rating by RBC Capital Markets on Monday, October 9. On Friday, June 2 the stock rating was maintained by Oppenheimer with “Buy”.

Tiedemann Wealth Management Llc, which manages about $5.35 billion and $839.40 million US Long portfolio, upped its stake in Sempra Energy (NYSE:SRE) by 2,977 shares to 41,097 shares, valued at $4.49M in 2017Q3, according to the filing. It also increased its holding in Exelon Corp (NYSE:EXC) by 53,202 shares in the quarter, for a total of 142,477 shares, and has risen its stake in Transcanada Corp (NYSE:TRP).

Investors sentiment increased to 1 in Q3 2017. Its up 0.01, from 0.99 in 2017Q2. It is positive, as 54 investors sold EPD shares while 262 reduced holdings. 73 funds opened positions while 242 raised stakes. 783.53 million shares or 0.44% more from 780.09 million shares in 2017Q2 were reported. Heritage Wealth Advisors accumulated 69,100 shares or 0.91% of the stock. Meritage Portfolio reported 134,735 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 4.29% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 11.15M shares. Welch And Forbes Ltd stated it has 0.02% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). 52,100 were accumulated by Friedberg Inv Management. Moneta Grp Inc Inv Advisors Lc has 32,000 shares. Alps Advsrs invested in 7.19% or 38.93 million shares. Gofen Glossberg Il owns 90,134 shares. Moreover, Franklin Resources Inc has 0.01% invested in Enterprise Products Partners L.P. (NYSE:EPD). Parametric Port Assoc Lc invested 0.04% in Enterprise Products Partners L.P. (NYSE:EPD). Gp Holding Ag reported 0.32% stake. Glenmede Tru Co Na holds 501,580 shares or 0.06% of its portfolio. Roanoke Asset Management New York has invested 0.47% in Enterprise Products Partners L.P. (NYSE:EPD). First Tru Advsr Lp accumulated 616,813 shares. State Treasurer State Of Michigan holds 92,000 shares.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on January, 29. They expect $0.35 EPS, up 12.90% or $0.04 from last year’s $0.31 per share. EPD’s profit will be $756.38 million for 20.63 P/E if the $0.35 EPS becomes a reality. After $0.30 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

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