Shareholder Cabot Wealth Management Boosted United Parcel Service (UPS) Position; Carnegie Capital Asset Management Raised Its Position in Arista Networks (ANET) by $1.05 Million

February 20, 2018 - By Dolores Ford

Cabot Wealth Management Inc increased its stake in United Parcel Service Inc (UPS) by 160.36% based on its latest 2017Q3 regulatory filing with the SEC. Cabot Wealth Management Inc bought 5,045 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 8,191 shares of the transportation company at the end of 2017Q3, valued at $984,000, up from 3,146 at the end of the previous reported quarter. Cabot Wealth Management Inc who had been investing in United Parcel Service Inc for a number of months, seems to be bullish on the $90.70 billion market cap company. The stock decreased 0.77% or $0.82 during the last trading session, reaching $105.58. About 1.19 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 20, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Carnegie Capital Asset Management Llc increased its stake in Arista Networks Inc (ANET) by 184.64% based on its latest 2017Q3 regulatory filing with the SEC. Carnegie Capital Asset Management Llc bought 5,493 shares as the company’s stock rose 21.01% with the market. The institutional investor held 8,468 shares of the technology company at the end of 2017Q3, valued at $1.62M, up from 2,975 at the end of the previous reported quarter. Carnegie Capital Asset Management Llc who had been investing in Arista Networks Inc for a number of months, seems to be bullish on the $18.33B market cap company. The stock increased 0.51% or $1.28 during the last trading session, reaching $250.77. About 1.02M shares traded or 0.32% up from the average. Arista Networks, Inc. (NYSE:ANET) has risen 111.25% since February 20, 2017 and is uptrending. It has outperformed by 94.55% the S&P500.

Cabot Wealth Management Inc, which manages about $552.75 million and $445.63M US Long portfolio, decreased its stake in Raytheon Co (NYSE:RTN) by 9,649 shares to 8,535 shares, valued at $1.59M in 2017Q3, according to the filing. It also reduced its holding in Rydex Etf Trust (RSP) by 11,839 shares in the quarter, leaving it with 4,827 shares, and cut its stake in Schwab Strategic Tr (SCHZ).

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.09, from 1.05 in 2017Q2. It increased, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Cornerstone Advsr Incorporated owns 1,066 shares. Glg Limited Company accumulated 35,467 shares. Coastline Tru Communications reported 14,982 shares. Segall Bryant And Hamill Ltd Llc stated it has 0.19% in United Parcel Service, Inc. (NYSE:UPS). Haverford Financial Svcs Incorporated reported 6,253 shares stake. Sawgrass Asset Lc invested 0.04% in United Parcel Service, Inc. (NYSE:UPS). Kistler holds 3,149 shares or 0.16% of its portfolio. Bessemer reported 29,754 shares or 0.01% of all its holdings. First Personal Fincl holds 0.07% or 2,757 shares in its portfolio. Prelude Mngmt reported 0.01% in United Parcel Service, Inc. (NYSE:UPS). Amer Ins Tx has 0.62% invested in United Parcel Service, Inc. (NYSE:UPS). City Holdg holds 0.99% or 24,515 shares in its portfolio. State Treasurer State Of Michigan invested 0.23% in United Parcel Service, Inc. (NYSE:UPS). Monroe Natl Bank & Tru Mi reported 5,623 shares. Comml Bank accumulated 10,295 shares or 0.14% of the stock.

Among 24 analysts covering United Parcel Service (NYSE:UPS), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. United Parcel Service had 66 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Edward Jones on Friday, February 16 to “Buy”. On Tuesday, February 23 the stock rating was reinitiated by Morgan Stanley with “Underweight”. The rating was maintained by Credit Suisse with “Hold” on Thursday, October 12. Loop Capital initiated the shares of UPS in report on Tuesday, December 20 with “Hold” rating. The stock has “Buy” rating by Deutsche Bank on Monday, December 4. The firm has “Buy” rating by Deutsche Bank given on Monday, January 8. The firm has “Underweight” rating by Morgan Stanley given on Friday, February 2. The company was maintained on Thursday, August 24 by Robert W. Baird. The rating was maintained by UBS on Friday, October 27 with “Neutral”. The firm has “Hold” rating by Robert W. Baird given on Sunday, February 11.

Among 35 analysts covering Arista Networks (NYSE:ANET), 17 have Buy rating, 0 Sell and 18 Hold. Therefore 49% are positive. Arista Networks had 120 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 21 by Oppenheimer. The firm has “Buy” rating by Citigroup given on Wednesday, January 27. The firm has “Hold” rating by RBC Capital Markets given on Thursday, September 7. As per Friday, November 6, the company rating was maintained by M Partners. The rating was downgraded by Credit Suisse to “Neutral” on Friday, April 28. The stock of Arista Networks, Inc. (NYSE:ANET) has “Hold” rating given on Tuesday, October 3 by Jefferies. Credit Suisse maintained Arista Networks, Inc. (NYSE:ANET) on Friday, June 2 with “Hold” rating. Wells Fargo initiated it with “Hold” rating and $235.0 target in Tuesday, November 14 report. The rating was maintained by KeyBanc Capital Markets on Monday, September 18 with “Buy”. Nomura downgraded the shares of ANET in report on Friday, April 7 to “Neutral” rating.

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