Rothschild Investment LLC Boosts Stake in Arista Networks, Inc. (NYSE:ANET)

Rothschild Investment LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 305.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,519 shares of the technology company’s stock after purchasing an additional 1,897 shares during the quarter. Rothschild Investment LLC’s holdings in Arista Networks were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Holistic Financial Partners boosted its position in shares of Arista Networks by 301.4% during the 4th quarter. Holistic Financial Partners now owns 3,235 shares of the technology company’s stock worth $358,000 after purchasing an additional 2,429 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in Arista Networks by 385.8% during the fourth quarter. Crestwood Advisors Group LLC now owns 5,353 shares of the technology company’s stock worth $592,000 after buying an additional 4,251 shares in the last quarter. IFP Advisors Inc boosted its holdings in Arista Networks by 319.7% during the fourth quarter. IFP Advisors Inc now owns 6,069 shares of the technology company’s stock worth $671,000 after buying an additional 4,623 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Arista Networks by 335.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 248 shares of the technology company’s stock worth $27,000 after acquiring an additional 191 shares in the last quarter. Finally, Colonial River Investments LLC boosted its stake in shares of Arista Networks by 327.6% during the 4th quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company’s stock worth $1,077,000 after acquiring an additional 7,466 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ANET. The Goldman Sachs Group boosted their target price on Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reiterated a “sell” rating and issued a $80.00 price objective on shares of Arista Networks in a research report on Tuesday, February 18th. Evercore ISI boosted their price objective 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 shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company upped their price target on shares of Arista Networks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.79.

Insiders Place Their Bets

In related news, Director Kelly Bodnar Battles sold 1,488 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $107.13, for a total value of $159,409.44. Following the transaction, the director now owns 8,128 shares in the company, valued at approximately $870,752.64. This trade represents a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kenneth Duda sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $108.29, for a total transaction of $8,663,200.00. Following the sale, the senior vice president now owns 12,976 shares of the company’s stock, valued at approximately $1,405,171.04. This represents a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 260,224 shares of company stock valued at $30,242,856 over the last quarter. Company insiders own 3.54% of the company’s stock.

Arista Networks Trading Up 0.2 %

NYSE ANET opened at $92.85 on Wednesday. The business’s 50-day moving average price is $112.78 and its 200 day moving average price is $102.13. Arista Networks, Inc. has a twelve month low of $60.08 and a twelve month high of $133.57. The company has a market capitalization of $117.10 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share 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 analyst estimates of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. Equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current 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.