Btim Has Decreased Ubiquiti Networks (UBNT) Position; Shorts at Arista Networks (ANET) Lowered By 16.06%

October 13, 2017 - By Peter Erickson

Btim Corp decreased Ubiquiti Networks Inc (UBNT) stake by 22.74% reported in 2017Q2 SEC filing. Btim Corp sold 70,113 shares as Ubiquiti Networks Inc (UBNT)’s stock declined 0.41%. The Btim Corp holds 238,148 shares with $12.38M value, down from 308,261 last quarter. Ubiquiti Networks Inc now has $4.85B valuation. The stock increased 5.86% or $3.34 during the last trading session, reaching $60.32. About 715,753 shares traded. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 29.84% since October 13, 2016 and is uptrending. It has outperformed by 13.14% the S&P500.

Arista Networks (NYSE:ANET) had a decrease of 16.06% in short interest. ANET’s SI was 3.03M shares in October as released by FINRA. Its down 16.06% from 3.61M shares previously. With 669,900 avg volume, 5 days are for Arista Networks (NYSE:ANET)’s short sellers to cover ANET’s short positions. About 619,896 shares traded. Arista Networks Inc (NYSE:ANET) has risen 111.25% since October 13, 2016 and is uptrending. It has outperformed by 94.55% the S&P500.

Among 30 analysts covering Arista Networks (NYSE:ANET), 16 have Buy rating, 0 Sell and 14 Hold. Therefore 53% are positive. Arista Networks had 89 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Nomura on Friday, April 7 to “Neutral”. The rating was initiated by JP Morgan on Wednesday, January 6 with “Neutral”. The firm has “Buy” rating given on Friday, August 4 by Oppenheimer. The firm has “Buy” rating given on Friday, May 5 by Oppenheimer. As per Monday, January 4, the company rating was upgraded by Oppenheimer. The stock of Arista Networks Inc (NYSE:ANET) has “Neutral” rating given on Tuesday, November 22 by Bank of America. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, March 8 report. The stock of Arista Networks Inc (NYSE:ANET) earned “Hold” rating by Jefferies on Tuesday, October 3. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, September 20 report. The rating was maintained by Credit Suisse on Friday, May 26 with “Hold”.

Arista Networks, Inc. is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. The company has market cap of $13.86 billion. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software. It has a 49.84 P/E ratio. The Company’s cloud networking solutions consist of its Extensible Operating System , a set of network applications and its Ethernet switching and routing platforms.

Analysts await Ubiquiti Networks Inc (NASDAQ:UBNT) to report earnings on November, 2. They expect $0.75 EPS, down 12.79% or $0.11 from last year’s $0.86 per share. UBNT’s profit will be $60.30M for 20.11 P/E if the $0.75 EPS becomes a reality. After $0.74 actual EPS reported by Ubiquiti Networks Inc for the previous quarter, Wall Street now forecasts 1.35% EPS growth.

Investors sentiment decreased to 0.76 in Q2 2017. Its down 0.24, from 1 in 2017Q1. It dropped, as 25 investors sold UBNT shares while 59 reduced holdings. 25 funds opened positions while 39 raised stakes. 24.58 million shares or 1.67% more from 24.18 million shares in 2017Q1 were reported. Glenmede Trust Na stated it has 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). Woodstock Corporation holds 55,852 shares or 0.57% of its portfolio. Employees Retirement Systems Of Ohio accumulated 169,700 shares. Goldman Sachs Grp Inc invested in 0% or 81,832 shares. Quantitative Inv Mgmt Ltd holds 0.15% or 194,600 shares in its portfolio. Arrowstreet Partnership holds 0.03% or 219,483 shares. Price T Rowe Md holds 0% or 12,865 shares in its portfolio. Geode Cap Management Ltd Co, Massachusetts-based fund reported 246,489 shares. 13,364 were reported by Ameriprise Fin. Schwartz Inv Counsel Inc, a Michigan-based fund reported 105,000 shares. 140,879 are owned by Wells Fargo Mn. The Switzerland-based Swiss Comml Bank has invested 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). Susquehanna Gp Limited Liability Partnership has invested 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). Ahl Ptnrs Llp owns 31,208 shares. 65,503 are owned by Nationwide Fund Advisors.

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