Bank of Montreal Can Has $164.77 Million Stake in Arista Networks, Inc. (NYSE:ANET)

Bank of Montreal Can grew its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 275.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,490,700 shares of the technology company's stock after buying an additional 1,093,472 shares during the period. Bank of Montreal Can owned 0.12% of Arista Networks worth $164,767,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ANET. Caitlin John LLC grew its holdings in Arista Networks by 174.7% during the 4th quarter. Caitlin John LLC now owns 239 shares of the technology company's stock worth $26,000 after acquiring an additional 152 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of Arista Networks by 335.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 248 shares of the technology company's stock worth $27,000 after purchasing an additional 191 shares during the period. Cranbrook Wealth Management LLC increased its holdings in Arista Networks by 300.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 264 shares of the technology company's stock valued at $29,000 after purchasing an additional 198 shares during the last quarter. Trust Co. of Vermont lifted its stake in Arista Networks by 300.0% in the fourth quarter. Trust Co. of Vermont now owns 264 shares of the technology company's stock valued at $29,000 after buying an additional 198 shares during the period. Finally, New Millennium Group LLC boosted its holdings in Arista Networks by 300.0% during the fourth quarter. New Millennium Group LLC now owns 260 shares of the technology company's stock worth $29,000 after buying an additional 195 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

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Arista Networks Trading Down 0.8 %

Shares of Arista Networks stock traded down $0.61 during trading on Friday, hitting $72.05. 4,944,302 shares of the stock were exchanged, compared to its average volume of 9,168,885. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $133.58. The stock has a market capitalization of $90.86 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The company has a fifty day moving average price of $89.54 and a 200-day moving average price of $100.29.

Arista Networks (NYSE:ANET - Get Free Report) last announced 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. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. Equities research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, SVP Marc Taxay sold 51,848 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $88.59, for a total transaction of $4,593,214.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth Duda sold 80,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $115.61, for a total value of $9,248,800.00. Following the completion of the transaction, the senior vice president now directly owns 12,976 shares in the company, valued at $1,500,155.36. The trade was a 86.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 411,031 shares of company stock worth $39,364,943. Company insiders own 3.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ANET shares. UBS Group raised Arista Networks from a "neutral" rating to a "buy" rating and upped their price target for the company from $112.00 to $115.00 in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a "sell" rating and issued a $80.00 target price on shares of Arista Networks in a research note on Tuesday, February 18th. Wells Fargo & Company reissued an "overweight" rating on shares of Arista Networks in a research report 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $145.00 target price on shares of Arista Networks in a report on Wednesday, February 19th. One investment 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $108.50.

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.