1,450 Shares in Arista Networks, Inc. (NYSE:ANET) Bought by Knuff & Co LLC

Knuff & Co LLC bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,450 shares of the technology company’s stock, valued at approximately $160,000.

Several other hedge funds have also recently modified their holdings of the stock. CWA Asset Management Group LLC bought a new position in Arista Networks in the 3rd quarter valued at $297,000. Atria Investments Inc increased its holdings in shares of Arista Networks by 15.0% in the third quarter. Atria Investments Inc now owns 16,961 shares of the technology company’s stock valued at $6,510,000 after purchasing an additional 2,218 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Arista Networks by 18.3% during the third quarter. Venturi Wealth Management LLC now owns 3,400 shares of the technology company’s stock worth $1,305,000 after purchasing an additional 527 shares during the last quarter. Versor Investments LP lifted its holdings in Arista Networks by 58.6% in the third quarter. Versor Investments LP now owns 3,331 shares of the technology company’s stock valued at $1,279,000 after acquiring an additional 1,231 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Arista Networks by 19.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,917 shares of the technology company’s stock valued at $1,887,000 after purchasing an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ANET shares. StockNews.com downgraded Arista Networks from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. UBS Group raised Arista Networks from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $112.00 to $115.00 in a research report on Wednesday, March 5th. Citigroup increased their price objective on Arista Networks from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Wells Fargo & Company reissued an “overweight” rating on shares of Arista Networks in a research report on Monday, March 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of Arista Networks in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Arista Networks Price Performance

NYSE:ANET opened at $79.07 on Wednesday. Arista Networks, Inc. has a 1-year low of $60.08 and a 1-year high of $133.58. The firm has a 50 day simple moving average of $107.62 and a 200-day simple moving average of $102.03. The firm has a market cap of $99.72 billion, a PE ratio of 35.62, a P/E/G ratio of 3.10 and a beta of 1.08.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. As a group, sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $89.03, for a total value of $712,240.00. Following the completion of the sale, the director now owns 147,784 shares of the company’s stock, valued at $13,157,209.52. This trade represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth Duda sold 80,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $84.85, for a total transaction of $6,788,000.00. Following the transaction, the senior vice president now directly owns 12,976 shares in the company, valued at approximately $1,101,013.60. The trade was a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 491,001 shares of company stock worth $49,112,111. 3.54% of the stock is owned by company insiders.

Arista Networks Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.