Arista Networks, Inc. (NYSE:ANET) Stock Holdings Lifted by Natixis

Natixis increased its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 217.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,994 shares of the technology company's stock after acquiring an additional 56,873 shares during the quarter. Natixis' holdings in Arista Networks were worth $9,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Arista Networks by 304.2% in the fourth quarter. Vanguard Group Inc. now owns 96,084,951 shares of the technology company's stock valued at $10,620,270,000 after purchasing an additional 72,311,318 shares during the period. FMR LLC boosted its stake in shares of Arista Networks by 330.9% in the fourth quarter. FMR LLC now owns 57,648,129 shares of the technology company's stock valued at $6,371,848,000 after buying an additional 44,269,572 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Arista Networks by 311.6% in the fourth quarter. Geode Capital Management LLC now owns 24,165,355 shares of the technology company's stock valued at $2,665,829,000 after acquiring an additional 18,293,874 shares during the period. Alliancebernstein L.P. lifted its holdings in Arista Networks by 218.5% in the fourth quarter. Alliancebernstein L.P. now owns 21,070,016 shares of the technology company's stock valued at $2,328,869,000 after acquiring an additional 14,454,822 shares during the period. Finally, Norges Bank purchased a new stake in shares of Arista Networks during the 4th quarter worth $1,397,833,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Up 6.6 %

Shares of Arista Networks stock traded up $4.64 during trading hours on Thursday, hitting $75.40. The company's stock had a trading volume of 6,232,150 shares, compared to its average volume of 11,205,820. The company has a market capitalization of $94.67 billion, a PE ratio of 34.00, a P/E/G ratio of 3.10 and a beta of 1.30. The business has a fifty day moving average of $81.85 and a 200 day moving average of $98.68. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $133.57.

Arista Networks (NYSE:ANET - Get Free Report) last announced its 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. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ANET. Barclays reiterated an "overweight" rating on shares of Arista Networks in a research note on Monday, March 3rd. Morgan Stanley dropped their target price on shares of Arista Networks from $118.00 to $73.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 price target on shares of Arista Networks in a report on Wednesday, February 19th. UBS Group raised shares of Arista Networks from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $112.00 to $115.00 in a research note on Wednesday, March 5th. Finally, Citigroup reduced their target price on Arista Networks from $121.00 to $92.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.29.

Insiders Place Their Bets

In other Arista Networks news, SVP Kenneth Duda sold 80,000 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $115.61, for a total transaction of $9,248,800.00. Following the completion of the transaction, the senior vice president now directly owns 12,976 shares of the company's stock, valued at $1,500,155.36. This trade represents a 86.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayshree Ullal sold 138,351 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $93.88, for a total transaction of $12,988,391.88. Following the completion of the sale, the chief executive officer now owns 92,641 shares in the company, valued at approximately $8,697,137.08. This trade represents a 59.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 410,863 shares of company stock worth $39,344,612 in the last quarter. 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.