MASTERINVEST Kapitalanlage GmbH Lowers Stock Holdings in Arista Networks, Inc. $ANET

MASTERINVEST Kapitalanlage GmbH lowered its position in Arista Networks, Inc. (NYSE:ANET) by 43.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,038 shares of the technology company’s stock after selling 18,704 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Arista Networks were worth $3,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AdvisorNet Financial Inc boosted its stake in shares of Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after acquiring an additional 72 shares during the period. Bare Financial Services Inc raised its stake in Arista Networks by 2,118.2% during the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock valued at $25,000 after purchasing an additional 233 shares during the period. SJS Investment Consulting Inc. lifted its holdings in Arista Networks by 979.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 259 shares of the technology company’s stock worth $38,000 after purchasing an additional 235 shares in the last quarter. REAP Financial Group LLC boosted its stake in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares during the period. Finally, Nova Wealth Management Inc. grew its holdings in Arista Networks by 215.7% during the 3rd quarter. Nova Wealth Management Inc. now owns 341 shares of the technology company’s stock valued at $50,000 after buying an additional 233 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Rosenblatt Securities reiterated a “neutral” rating and issued a $140.00 price target on shares of Arista Networks in a research note on Monday, November 24th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research report on Thursday, September 25th. Finally, Wolfe Research raised their price target on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average price target of $164.44.

Arista Networks Stock Performance

NYSE ANET opened at $123.05 on Friday. The business’s 50 day moving average price is $130.43 and its 200-day moving average price is $131.65. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The company has a market cap of $154.95 billion, a P/E ratio of 46.79, a P/E/G ratio of 2.08 and a beta of 1.41.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 39.73% and a return on equity of 30.28%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. Arista Networks’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 24,042 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total transaction of $2,994,431.10. Following the completion of the transaction, the chief executive officer owned 9,917 shares in the company, valued at $1,235,162.35. The trade was a 70.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.16, for a total value of $3,694,800.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,598,124.16. This represents a 69.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 216,464 shares of company stock valued at $28,488,988. Company insiders own 3.39% of the company’s stock.

Arista Networks Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.