Arista Networks, Inc. (NYSE:ANET) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 336.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,263 shares of the technology company’s stock after acquiring an additional 127,396 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Arista Networks were worth $18,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Arista Networks by 304.2% during the 4th quarter. Vanguard Group Inc. now owns 96,084,951 shares of the technology company’s stock worth $10,620,270,000 after purchasing an additional 72,311,318 shares during the period. Alliancebernstein L.P. lifted its holdings in Arista Networks by 218.5% in the fourth quarter. Alliancebernstein L.P. now owns 21,070,016 shares of the technology company’s stock valued at $2,328,869,000 after acquiring an additional 14,454,822 shares during the period. Norges Bank purchased a new stake in shares of Arista Networks during the 4th quarter worth $1,397,833,000. Wellington Management Group LLP grew its stake in shares of Arista Networks by 313.9% during the 4th quarter. Wellington Management Group LLP now owns 11,013,511 shares of the technology company’s stock worth $1,217,323,000 after purchasing an additional 8,352,816 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Arista Networks by 2,734.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,415,621 shares of the technology company’s stock valued at $598,589,000 after purchasing an additional 5,224,540 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Kenneth Duda sold 80,000 shares of Arista Networks stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $84.85, for a total value of $6,788,000.00. Following the transaction, the senior vice president now directly owns 12,976 shares of the company’s stock, valued at $1,101,013.60. The trade was a 86.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $111.51, for a total transaction of $892,080.00. Following the transaction, the director now directly owns 163,784 shares in the company, valued at approximately $18,263,553.84. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 491,001 shares of company stock valued at $49,112,111. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ANET. Evercore ISI upped their target price on shares of Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. StockNews.com downgraded Arista Networks from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Barclays reiterated an “overweight” rating on shares of Arista Networks in a research report on Monday, March 3rd. Rosenblatt Securities restated a “sell” rating and issued a $80.00 price target on shares of Arista Networks in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Arista Networks in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.00.

Arista Networks Stock Performance

Shares of ANET opened at $77.91 on Monday. Arista Networks, Inc. has a 1 year low of $60.08 and a 1 year high of $133.58. The company’s 50 day simple moving average is $99.16 and its 200 day simple moving average is $101.91. The company has a market capitalization of $98.25 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.10 and a beta of 1.08.

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

About Arista Networks

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.