WINTON GROUP Ltd Has $18.01 Million Stake in Arista Networks, Inc. (NYSE:ANET)

WINTON GROUP Ltd raised its stake in Arista Networks, Inc. (NYSE:ANET) by 21,714.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 162,952 shares of the technology company’s stock after buying an additional 162,205 shares during the quarter. Arista Networks makes up about 1.2% of WINTON GROUP Ltd’s investment portfolio, making the stock its 6th largest holding. WINTON GROUP Ltd’s holdings in Arista Networks were worth $18,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ANET. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Arista Networks during the third quarter worth approximately $1,417,000. Fisher Asset Management LLC raised its stake in Arista Networks by 32.1% during the 3rd quarter. Fisher Asset Management LLC now owns 6,717 shares of the technology company’s stock valued at $2,578,000 after acquiring an additional 1,633 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Arista Networks by 5.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,388 shares of the technology company’s stock worth $533,000 after acquiring an additional 77 shares during the period. Qsemble Capital Management LP bought a new position in shares of Arista Networks in the third quarter worth $329,000. Finally, D.A. Davidson & CO. increased its holdings in shares of Arista Networks by 1.3% during the third quarter. D.A. Davidson & CO. now owns 5,158 shares of the technology company’s stock valued at $1,980,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Barclays reiterated an “overweight” rating on shares of Arista Networks in a research note on Monday, March 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Arista Networks in a research report on Monday, March 3rd. Rosenblatt Securities reiterated a “sell” rating and set a $80.00 price target on shares of Arista Networks in a research report on Tuesday, February 18th. Finally, Erste Group Bank downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Insider Transactions at Arista Networks

In other news, SVP Kenneth Duda sold 80,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $118.47, for a total value of $9,477,600.00. Following the completion of the sale, the senior vice president now directly owns 12,976 shares of the company’s stock, valued at $1,537,266.72. This represents a 86.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $111.51, for a total transaction of $892,080.00. Following the sale, the director now owns 163,784 shares of the company’s stock, valued at approximately $18,263,553.84. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 491,001 shares of company stock valued at $49,112,111 over the last quarter. Company insiders own 3.54% of the company’s stock.

Arista Networks Trading Down 6.0 %

NYSE ANET opened at $81.70 on Thursday. Arista Networks, Inc. has a 1 year low of $60.08 and a 1 year high of $133.58. The stock’s 50-day moving average price is $100.78 and its two-hundred day moving average price is $101.84. The company has a market cap of $103.04 billion, a PE ratio of 36.80, 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 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. Research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.