Cwm LLC Grows Stock Position in Arista Networks, Inc. (NYSE:ANET)

Cwm LLC increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,833 shares of the technology company’s stock after buying an additional 1,664 shares during the period. Cwm LLC’s holdings in Arista Networks were worth $3,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC purchased a new stake in shares of Arista Networks in the 3rd quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in Arista Networks in the 3rd quarter valued at about $29,000. BluePath Capital Management LLC purchased a new position in Arista Networks in the 3rd quarter valued at about $33,000. NBC Securities Inc. purchased a new position in Arista Networks in the 3rd quarter valued at about $33,000. Finally, Atticus Wealth Management LLC lifted its holdings in Arista Networks by 3,625.0% in the 4th quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company’s stock valued at $35,000 after purchasing an additional 145 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arista Networks news, SVP Kenneth Duda sold 20,000 shares of Arista Networks stock in a transaction on Monday, February 12th. The shares were sold at an average price of $284.31, for a total value of $5,686,200.00. Following the completion of the transaction, the senior vice president now owns 3,244 shares of the company’s stock, valued at $922,301.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Jayshree Ullal sold 22,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $303.00, for a total transaction of $6,666,000.00. Following the completion of the transaction, the chief executive officer now owns 1,665,300 shares of the company’s stock, valued at $504,585,900. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kenneth Duda sold 20,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $284.31, for a total transaction of $5,686,200.00. Following the transaction, the senior vice president now directly owns 3,244 shares of the company’s stock, valued at approximately $922,301.64. The disclosure for this sale can be found here. Insiders sold a total of 333,494 shares of company stock valued at $95,632,321 over the last 90 days. 18.99% of the stock is owned by company insiders.

Arista Networks Trading Up 1.4 %

Shares of NYSE:ANET opened at $254.76 on Thursday. The company has a fifty day simple moving average of $279.08 and a 200 day simple moving average of $246.25. The firm has a market cap of $79.65 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.38. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. As a group, equities research analysts forecast that Arista Networks, Inc. will post 6.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $320.00 target price on shares of Arista Networks in a report on Tuesday, February 13th. Evercore ISI restated an “outperform” rating and issued a $300.00 target price on shares of Arista Networks in a report on Wednesday, March 27th. The Goldman Sachs Group raised their target price on shares of Arista Networks from $313.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Barclays raised their target price on shares of Arista Networks from $272.00 to $311.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $275.59.

Arista Networks Company 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.