Assetmark Has Increased Stake in Arista Networks Com (ANET); Covey Capital Advisors Position in Live Nation Entertainment In (LYV) Has Trimmed as Shares Declined

August 12, 2018 - By Jack Shaw

Arista Networks, Inc. (NYSE:ANET) Logo

Assetmark Inc increased its stake in Arista Networks Inc Com (ANET) by 16037.21% based on its latest 2018Q1 regulatory filing with the SEC. Assetmark Inc bought 6,896 shares as the company’s stock declined 1.58% with the market. The institutional investor held 6,939 shares of the technology company at the end of 2018Q1, valued at $1.77M, up from 43 at the end of the previous reported quarter. Assetmark Inc who had been investing in Arista Networks Inc Com for a number of months, seems to be bullish on the $20.00B market cap company. The stock decreased 0.18% or $0.49 during the last trading session, reaching $268.85. About 440,145 shares traded. Arista Networks, Inc. (NYSE:ANET) has risen 72.73% since August 12, 2017 and is uptrending. It has outperformed by 60.16% the S&P500. Some Historical ANET News: 10/04/2018 – Arista Demonstrates Cloud-Grade Routing at MPLS + SDN + NFV World Congress 2018; 19/04/2018 – Arista Networks Presenting at JPMorgan Conference May 15; 07/05/2018 – Arista Introduces Cognitive Cloud Networking for the Campus; 19/03/2018 Tech Today: Bad Facebook, Oracle On Tap, Buying II-VI, Selling Arista — Barron’s Blog; 11/04/2018 – Arista Networks Joins Fortinet Fabric-Ready Partner Program to Advance Security Automation Across Data Center and Cloud; 03/05/2018 – Arista Networks 1Q EPS $1.79; 11/04/2018 – Arista Networks Joins Fortinet Fabric-Ready Partner Program to Advance Security Automation Across Data Center and Cloud Networks; 12/05/2018 – Arista Takes Aim at a Key Cisco Business — Barron’s; 29/03/2018 – Arista Introduces New Platforms for Cloud and Enterprise Customers; 28/03/2018 – ARISTA NETWORKS INC – ALJ SUPPORTED SUSPENSION OF REMEDIES CONCERNING ‘668 PATENT PENDING COMPLETION OF CISCO’S APPEALS OF DECISION

Covey Capital Advisors Llc decreased its stake in Live Nation Entertainment In (LYV) by 27.82% based on its latest 2018Q1 regulatory filing with the SEC. Covey Capital Advisors Llc sold 17,100 shares as the company’s stock declined 10.74% with the market. The institutional investor held 44,377 shares of the consumer services company at the end of 2018Q1, valued at $1.87 million, down from 61,477 at the end of the previous reported quarter. Covey Capital Advisors Llc who had been investing in Live Nation Entertainment In for a number of months, seems to be less bullish one the $10.29B market cap company. The stock decreased 0.12% or $0.06 during the last trading session, reaching $49.2. About 1.21M shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 26.81% since August 12, 2017 and is uptrending. It has outperformed by 14.24% the S&P500. Some Historical LYV News: 03/05/2018 – LIVE NATION 1Q LOSS/SHR 24C; 07/05/2018 – Phil Collins Not Dead Yet, Live! First Major North American Concert Tour In 12 Years An Evening With Phil Collins – Legendary A; 19/04/2018 – Live Nation Presenting at JPMorgan Conference May 16; 15/03/2018 – CORRECT: LIVE NATION ENTERTAINMENT TO OFFER $800M NOTES; 19/03/2018 – LAUNCH: LIVE NATION $963M TLB FOR REFI; LENDER CALL TODAY 1PM; 03/05/2018 – LIVE NATION – 2018 IS ON TRACK TO DELIVER DOUBLE-DIGIT OPERATING INCOME AND AOI GROWTH; 26/03/2018 – Halsey Announces Hopeless Fountain Kingdom / World Tour The Final lnstallment; 03/05/2018 – LIVE NATION ENTERTAINMENT INC – QTRLY SHR LOSS $0.24; 26/05/2018 – DEADLINE ALERT: Shareholder Class Action Against Live Nation Entertainment, Inc. — LYV; 20/04/2018 – DJ Live Nation Entertainment Inc, Inst Holders, 1Q 2018 (LYV)

Covey Capital Advisors Llc, which manages about $395.73 million and $72.83 million US Long portfolio, upped its stake in Gartner Inc (NYSE:IT) by 6,750 shares to 24,060 shares, valued at $2.83M in 2018Q1, according to the filing. It also increased its holding in Ebay Inc (NASDAQ:EBAY) by 12,619 shares in the quarter, for a total of 61,052 shares, and has risen its stake in National Beverage Co (NASDAQ:FIZZ).

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on November, 1. They expect $0.65 EPS, up 22.64% or $0.12 from last year’s $0.53 per share. LYV’s profit will be $135.89 million for 18.92 P/E if the $0.65 EPS becomes a reality. After $0.24 actual EPS reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts 170.83% EPS growth.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.20, from 1.15 in 2017Q4. It worsened, as 41 investors sold LYV shares while 112 reduced holdings. 47 funds opened positions while 98 raised stakes. 134.09 million shares or 1.99% less from 136.81 million shares in 2017Q4 were reported. Prudential Fincl holds 0.01% in Live Nation Entertainment, Inc. (NYSE:LYV) or 85,959 shares. Reilly Finance Advisors owns 0% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 95 shares. Los Angeles Capital Mgmt & Equity Research, California-based fund reported 429,957 shares. State Of Alaska Department Of Revenue accumulated 0.01% or 12,330 shares. Daruma Mgmt holds 100,583 shares. Diamond Hill Cap Mgmt invested in 953,739 shares. Stone Ridge Asset Ltd Llc stated it has 0.08% in Live Nation Entertainment, Inc. (NYSE:LYV). Regions invested in 0% or 6,041 shares. Pdts Prtnrs Ltd Company has 0.73% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 513,912 shares. Howe & Rusling owns 157 shares or 0% of their US portfolio. Aperio Group Limited Liability, a California-based fund reported 51,788 shares. Sands Capital Management Lc reported 109,567 shares. Livforsakringsbolaget Skandia Omsesidigt holds 2,300 shares or 0.24% of its portfolio. Bnp Paribas Arbitrage stated it has 0% in Live Nation Entertainment, Inc. (NYSE:LYV). Asset Mngmt One Co holds 0.02% in Live Nation Entertainment, Inc. (NYSE:LYV) or 212,220 shares.

Among 14 analysts covering Live Nation (NYSE:LYV), 14 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Live Nation had 30 analyst reports since September 18, 2015 according to SRatingsIntel. Evercore downgraded the shares of LYV in report on Monday, November 20 to “In-Line” rating. The company was downgraded on Friday, December 22 by Citigroup. Jefferies maintained the stock with “Buy” rating in Monday, October 16 report. The firm has “Buy” rating by Citigroup given on Thursday, October 8. Guggenheim maintained the shares of LYV in report on Wednesday, February 28 with “Buy” rating. JP Morgan maintained Live Nation Entertainment, Inc. (NYSE:LYV) on Friday, July 27 with “Overweight” rating. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Buy” rating by Northcoast on Monday, May 2. The firm earned “Buy” rating on Thursday, November 2 by Jefferies. On Friday, May 4 the stock rating was upgraded by Evercore to “Outperform”. The firm earned “Overweight” rating on Thursday, August 18 by JP Morgan.

More notable recent Live Nation Entertainment, Inc. (NYSE:LYV) news were published by: Bizjournals.com which released: “Live Nation introducing Impossible Burger at venues nationwide” on July 17, 2018, also Seekingalpha.com with their article: “Live Nation Entertainment (LYV) Q2 2018 Results – Earnings Call Transcript” published on July 27, 2018, Fool.com published: “David Looks Ahead: 1 Massive Trend, 10 Hot Stocks, and 1 Vital Piece of Advice” on August 02, 2018. More interesting news about Live Nation Entertainment, Inc. (NYSE:LYV) were released by: Fool.com and their article: “In Q2, Live Nation Entertainment Posted 7% Sales Growth” published on July 27, 2018 as well as Seekingalpha.com‘s news article titled: “Live Nation delivers broad income gains in Q2” with publication date: July 26, 2018.

Since June 6, 2018, it had 0 insider purchases, and 2 insider sales for $296,966 activity. ENLOE ROBERT TED III also sold $197,988 worth of Live Nation Entertainment, Inc. (NYSE:LYV) shares.

Among 36 analysts covering Arista Networks (NYSE:ANET), 19 have Buy rating, 1 Sell and 16 Hold. Therefore 53% are positive. Arista Networks had 140 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Instinet on Monday, August 7. The firm earned “Buy” rating on Tuesday, September 12 by Needham. Citigroup maintained the stock with “Neutral” rating in Friday, August 26 report. The stock has “Neutral” rating by UBS on Wednesday, May 31. Bank of America downgraded Arista Networks, Inc. (NYSE:ANET) on Monday, June 27 to “Underperform” rating. KeyBanc Capital Markets maintained the shares of ANET in report on Friday, February 16 with “Buy” rating. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, October 14. The firm has “Neutral” rating by Instinet given on Friday, April 7. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, August 3. The stock has “Overweight” rating by Barclays Capital on Friday, August 4.

Assetmark Inc, which manages about $13.57B and $9.66B US Long portfolio, decreased its stake in Bancolombia S A Spon Adr Pref (NYSE:CIB) by 43,383 shares to 2,876 shares, valued at $121,000 in 2018Q1, according to the filing. It also reduced its holding in Hsbc Hldgs Plc Spon Adr New (NYSE:HSBC) by 48,005 shares in the quarter, leaving it with 10,807 shares, and cut its stake in Cna Finl Corp Com (NYSE:CNA).

More notable recent Arista Networks, Inc. (NYSE:ANET) news were published by: Seekingalpha.com which released: “Arista -1.4% despite record profitability in Q2” on August 02, 2018, also Seekingalpha.com with their article: “Arista Has Competitive Edge” published on July 24, 2018, Seekingalpha.com published: “Arista Networks: Betting On The Long-Term Growth” on July 30, 2018. More interesting news about Arista Networks, Inc. (NYSE:ANET) were released by: Seekingalpha.com and their article: “Arista Enters Into The WiFi Business” published on August 04, 2018 as well as Seekingalpha.com‘s news article titled: “Pure Storage: Not A Flash In The Pan” with publication date: July 24, 2018.

Live Nation Entertainment, Inc. (NYSE:LYV) Institutional Positions Chart

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