Douglass Winthrop Advisors LLC Purchases 6,090 Shares of Arista Networks, Inc. (NYSE:ANET)

Douglass Winthrop Advisors LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 300.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,120 shares of the technology company's stock after purchasing an additional 6,090 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in Arista Networks were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. HUB Investment Partners LLC increased its holdings in Arista Networks by 326.9% during the 4th quarter. HUB Investment Partners LLC now owns 17,021 shares of the technology company's stock valued at $1,881,000 after purchasing an additional 13,034 shares during the period. Whittier Trust Co. increased its stake in shares of Arista Networks by 310.1% during the fourth quarter. Whittier Trust Co. now owns 2,600 shares of the technology company's stock valued at $287,000 after buying an additional 1,966 shares during the period. BluePointe Capital Management LLC increased its stake in shares of Arista Networks by 311.3% during the fourth quarter. BluePointe Capital Management LLC now owns 13,286 shares of the technology company's stock valued at $1,469,000 after buying an additional 10,056 shares during the period. Berkshire Capital Holdings Inc. raised its holdings in shares of Arista Networks by 257.6% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 76,950 shares of the technology company's stock valued at $8,505,000 after acquiring an additional 55,430 shares in the last quarter. Finally, Viawealth LLC lifted its stake in Arista Networks by 273.6% in the fourth quarter. Viawealth LLC now owns 12,010 shares of the technology company's stock worth $1,327,000 after acquiring an additional 8,795 shares during the period. Institutional investors own 82.47% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Arista Networks in a report on Monday, March 3rd. Morgan Stanley raised their target price on shares of Arista Networks from $102.50 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Needham & Company LLC reissued a "buy" rating and issued a $145.00 price target on shares of Arista Networks in a research report on Wednesday, February 19th. UBS Group raised Arista Networks from a "neutral" rating to a "buy" rating and raised their price objective for the company from $112.00 to $115.00 in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Arista Networks in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.00.

Arista Networks Trading Down 0.7 %

NYSE ANET traded down $0.64 during trading hours on Tuesday, reaching $86.87. The company's stock had a trading volume of 7,776,843 shares, compared to its average volume of 8,570,789. Arista Networks, Inc. has a 52 week low of $60.08 and a 52 week high of $133.58. The stock has a market cap of $109.55 billion, a PE ratio of 39.13, a PEG ratio of 3.10 and a beta of 1.08. The business has a 50-day simple moving average of $102.03 and a 200 day simple moving average of $101.92.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share (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 analysts' expectations of $1.90 billion. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, SVP Marc Taxay sold 51,848 shares of the stock in a transaction dated 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 document filed with the SEC, which is accessible through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $111.51, for a total value of $892,080.00. Following the sale, the director now directly owns 163,784 shares of the company's stock, valued at $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. In the last quarter, insiders sold 491,001 shares of company stock worth $49,112,111. 3.54% of the stock is owned by corporate insiders.

About Arista Networks

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.