Geode Capital Management Position in Spartannash Co (SPTN) Has Decreased by $761,464; Arista Networks (ANET) Market Value Declined While Northstar Asset Management Boosted Position

August 12, 2018 - By Mary Kidd

SpartanNash Company (NASDAQ:SPTN) Logo

Geode Capital Management Llc decreased its stake in Spartannash Co (SPTN) by 7.65% based on its latest 2018Q1 regulatory filing with the SEC. Geode Capital Management Llc sold 44,792 shares as the company’s stock rose 12.70% while stock markets declined. The institutional investor held 540,699 shares of the food distributors company at the end of 2018Q1, valued at $9.31 million, down from 585,491 at the end of the previous reported quarter. Geode Capital Management Llc who had been investing in Spartannash Co for a number of months, seems to be less bullish one the $847.04 million market cap company. It closed at $23.58 lastly. It is down 37.56% since August 12, 2017 and is downtrending. It has underperformed by 50.13% the S&P500. Some Historical SPTN News: 29/05/2018 – Supermarket Operator SpartanNash Reports Earnings and Revenue Beat — Earnings Review; 29/05/2018 – SpartanNash 1Q EPS 34c; 23/04/2018 DJ SpartanNash Company, Inst Holders, 1Q 2018 (SPTN); 24/05/2018 – SPARTANNASH SAYS DOUGLAS HACKER ELECTED LEAD INDEPENDENT DIRECTOR BY BOARD’S INDEPENDENT DIRECTORS, SUCCEEDING TIMOTHY O’DONOVAN; 29/05/2018 – SpartanNash Declares Quarterly Cash Dividend; 11/05/2018 – SpartanNash to Webcast Annual Shareholders Meeting; 24/05/2018 – SpartanNash Announces Results of 2018 Annual Shareholders Meeting; 24/05/2018 – SpartanNash Co Names Lead Independent Director; 29/05/2018 – SPARTANNASH 1Q ADJ EPS CONT OPS 55C, EST. 53C; 29/05/2018 – SPARTANNASH REAFFIRMS FORECAST FOR YEAR

Northstar Asset Management Llc increased its stake in Arista Networks Inc (ANET) by 196.67% based on its latest 2018Q1 regulatory filing with the SEC. Northstar Asset Management Llc bought 1,770 shares as the company’s stock declined 1.58% with the market. The institutional investor held 2,670 shares of the technology company at the end of 2018Q1, valued at $681,000, up from 900 at the end of the previous reported quarter. Northstar Asset Management Llc who had been investing in Arista Networks Inc 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: 03/05/2018 – Arista Networks Closes Above 50-Day Moving Average: Technicals; 29/03/2018 – Arista Introduces New Platforms for Cloud and Enterprise Customers; 28/03/2018 – ARISTA NETWORKS INC – BOTH PATENT TRIAL & APPEAL BOARD AND FEDERAL CIRCUIT DETERMINED ‘668 PATENT TO BE UNPATENTABLE ON ALL RELEVANT CLAIMS; 16/05/2018 – Arista Networks Presenting at Bank of America Conference Jun 5; 28/03/2018 – ARISTA NETWORKS INC – ALJ SUPPORTED SUSPENSION OF REMEDIES CONCERNING ‘668 PATENT PENDING COMPLETION OF CISCO’S APPEALS OF DECISION; 13/04/2018 – Microsoft represented 16 percent of Arista’s revenue in 2017; 11/04/2018 – Arista Networks Joins Fortinet Fabric-Ready Partner Program to Advance Security Automation Across Data Center and Cloud Networks; 09/04/2018 – Gold Resource Corporation Extends Arista Vein System High-Grade With Intercepts Including 2 Meters of 6.68 g/t Gold and 864 g/t; 03/05/2018 – ARISTA NETWORKS 1Q ADJ EPS $1.66, EST. $1.49; 09/04/2018 – Gold Resource Corporation Extends Arista Vein System High-Grade With lntercepts Including 2 Meters of 6.68 g/t Gold and 864 g/t Silver

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. BMO Capital Markets maintained the shares of ANET in report on Thursday, June 15 with “Buy” rating. Cowen & Co maintained the stock with “Buy” rating in Friday, February 16 report. Stifel Nicolaus reinitiated the shares of ANET in report on Friday, December 15 with “Buy” rating. The firm has “Hold” rating by Gabelli given on Friday, February 16. The firm has “Buy” rating by Cowen & Co given on Friday, August 4. M Partners downgraded the shares of ANET in report on Monday, September 19 to “Neutral” rating. The firm has “Hold” rating given on Tuesday, June 6 by Jefferies. The stock of Arista Networks, Inc. (NYSE:ANET) has “Outperform” rating given on Thursday, August 18 by BMO Capital Markets. BMO Capital Markets downgraded the stock to “Market Perform” rating in Thursday, September 28 report. The firm has “Hold” rating by J.P. Morgan given on Thursday, May 3.

More notable recent Arista Networks, Inc. (NYSE:ANET) news were published by: Seekingalpha.com which released: “Arista Networks: Waiting For A Breakout” on August 06, 2018, also Seekingalpha.com with their article: “Arista Enters Into The WiFi Business” published on August 04, 2018, Seekingalpha.com published: “Pure Storage: Not A Flash In The Pan” on July 24, 2018. More interesting news about Arista Networks, Inc. (NYSE:ANET) were released by: Seekingalpha.com and their article: “Arista Has Competitive Edge” published on July 24, 2018 as well as Seekingalpha.com‘s news article titled: “Arista Networks: Betting On The Long-Term Growth” with publication date: July 30, 2018.

Among 6 analysts covering SpartanNash (NASDAQ:SPTN), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. SpartanNash had 31 analyst reports since August 22, 2015 according to SRatingsIntel. As per Tuesday, August 15, the company rating was maintained by Pivotal Research. As per Tuesday, January 23, the company rating was maintained by BMO Capital Markets. As per Friday, August 18, the company rating was maintained by Deutsche Bank. The rating was maintained by Jefferies on Wednesday, July 27 with “Hold”. Jefferies maintained the shares of SPTN in report on Friday, June 23 with “Hold” rating. Jefferies maintained SpartanNash Company (NASDAQ:SPTN) on Thursday, August 10 with “Hold” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, November 10 report. Pivotal Research downgraded the stock to “Hold” rating in Friday, April 1 report. Jefferies maintained the stock with “Hold” rating in Tuesday, June 13 report. The stock has “Hold” rating by Pivotal Research on Tuesday, January 17.

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.24, from 1.16 in 2017Q4. It dived, as 20 investors sold SPTN shares while 46 reduced holdings. 22 funds opened positions while 39 raised stakes. 29.41 million shares or 3.61% less from 30.51 million shares in 2017Q4 were reported. Cubist Systematic Strategies Ltd Co has invested 0.02% in SpartanNash Company (NASDAQ:SPTN). Franklin reported 0.01% in SpartanNash Company (NASDAQ:SPTN). Texas Permanent School Fund stated it has 23,865 shares or 0.01% of all its holdings. Riverhead Capital Mngmt Ltd Llc reported 4,285 shares stake. Palisade Cap Management Ltd Limited Liability Company Nj reported 741,357 shares stake. Dreman Value Mgmt L L C accumulated 12,734 shares. Rhumbline Advisers owns 89,771 shares. Mason Street Advsrs Llc invested in 0% or 10,000 shares. Prelude Capital Mngmt Ltd Limited Liability Company accumulated 1,359 shares or 0% of the stock. Ls Inv Advsrs Lc, Michigan-based fund reported 1,123 shares. Bancorporation Of America De reported 0% in SpartanNash Company (NASDAQ:SPTN). 844 were accumulated by Convergence Inv Prns Lc. The New York-based Blackrock Incorporated has invested 0% in SpartanNash Company (NASDAQ:SPTN). Royal Retail Bank Of Canada invested in 0% or 34,327 shares. Laurion Capital Management LP has invested 0.01% in SpartanNash Company (NASDAQ:SPTN).

Another recent and important SpartanNash Company (NASDAQ:SPTN) news was published by Businesswire.com which published an article titled: “SpartanNash to Webcast Second Quarter Fiscal Year 2018 Earnings Conference Call” on July 22, 2018.

Since March 1, 2018, it had 1 buying transaction, and 5 insider sales for $1.65 million activity. Another trade for 10,000 shares valued at $265,000 was sold by Mahoney Kathleen M. VOSS WILLIAM R sold 6,837 shares worth $178,172. Another trade for 5,500 shares valued at $100,320 was bought by Shamber Mark. EIDSON DENNIS sold $1.17M worth of stock or 44,405 shares.

Analysts await SpartanNash Company (NASDAQ:SPTN) to report earnings on August, 15 after the close. They expect $0.57 EPS, down 5.00% or $0.03 from last year’s $0.6 per share. SPTN’s profit will be $20.48M for 10.34 P/E if the $0.57 EPS becomes a reality. After $0.55 actual EPS reported by SpartanNash Company for the previous quarter, Wall Street now forecasts 3.64% EPS growth.

Geode Capital Management Llc, which manages about $306.93 billion US Long portfolio, upped its stake in California Water Service Grp (NYSE:CWT) by 8,168 shares to 411,030 shares, valued at $15.31M in 2018Q1, according to the filing. It also increased its holding in Abiomed Inc (NASDAQ:ABMD) by 16,889 shares in the quarter, for a total of 377,396 shares, and has risen its stake in A.

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