549 Shares in Arista Networks, Inc. (NYSE:ANET) Bought by Vicus Capital

Vicus Capital bought a new stake in Arista Networks, Inc. (NYSE:ANET) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 549 shares of the technology company’s stock, valued at approximately $211,000.

Several other large investors also recently modified their holdings of the business. Beacon Capital Management LLC boosted its position in shares of Arista Networks by 500.0% during the second quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock worth $27,000 after buying an additional 65 shares during the period. LGT Financial Advisors LLC bought a new position in shares of Arista Networks during the 2nd quarter worth approximately $27,000. Byrne Asset Management LLC acquired a new stake in shares of Arista Networks in the second quarter valued at approximately $33,000. Sugarloaf Wealth Management LLC acquired a new position in Arista Networks during the second quarter worth $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Arista Networks in the second quarter valued at $35,000. 82.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ANET shares. UBS Group upped their target price on Arista Networks from $285.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Barclays raised their target price on shares of Arista Networks from $320.00 to $341.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $375.00 price target on shares of Arista Networks in a research report on Wednesday, July 31st. Wells Fargo & Company increased their price target on shares of Arista Networks from $340.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Arista Networks from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $369.50.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 2,000 shares of Arista Networks stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $342.28, for a total value of $684,560.00. Following the completion of the sale, the director now directly owns 50,946 shares in the company, valued at approximately $17,437,796.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Charles H. Giancarlo sold 2,000 shares of Arista Networks stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $342.28, for a total transaction of $684,560.00. Following the sale, the director now directly owns 50,946 shares in the company, valued at approximately $17,437,796.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kenneth Duda sold 20,000 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $394.69, for a total value of $7,893,800.00. Following the completion of the sale, the senior vice president now owns 3,244 shares in the company, valued at approximately $1,280,374.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,197 shares of company stock valued at $21,326,894. 3.54% of the stock is currently owned by insiders.

Arista Networks Trading Down 2.3 %

ANET stock opened at $396.62 on Wednesday. The firm has a 50-day moving average price of $369.61 and a 200-day moving average price of $333.34. The stock has a market capitalization of $124.29 billion, a P/E ratio of 55.24, a price-to-earnings-growth ratio of 3.21 and a beta of 1.07. Arista Networks, Inc. has a 12 month low of $168.25 and a 12 month high of $422.73.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.38. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Arista Networks had a return on equity of 30.50% and a net margin of 39.01%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. As a group, equities analysts predict that Arista Networks, Inc. will post 7.38 EPS for the current fiscal year.

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.