Qtron Investments LLC Raises Holdings in Arista Networks, Inc. (NYSE:ANET)

Qtron Investments LLC boosted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 300.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,544 shares of the technology company's stock after acquiring an additional 12,408 shares during the quarter. Qtron Investments LLC's holdings in Arista Networks were worth $1,829,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Morse Asset Management Inc bought a new position in shares of Arista Networks in the third quarter worth about $123,000. Sunbelt Securities Inc. lifted its stake in shares of Arista Networks by 193.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 689 shares of the technology company's stock worth $264,000 after acquiring an additional 454 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in Arista Networks by 3.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,177 shares of the technology company's stock valued at $453,000 after buying an additional 43 shares during the period. Virtu Financial LLC bought a new position in Arista Networks in the third quarter worth approximately $1,752,000. Finally, Anchor Investment Management LLC increased its stake in shares of Arista Networks by 35.0% during the third quarter. Anchor Investment Management LLC now owns 135 shares of the technology company's stock valued at $52,000 after buying an additional 35 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Down 0.6 %

Shares of Arista Networks stock traded down $0.42 on Tuesday, hitting $73.17. The stock had a trading volume of 8,995,235 shares, compared to its average volume of 9,155,033. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $133.58. The company's 50 day moving average price is $87.90 and its 200 day moving average price is $99.99. The stock has a market cap of $92.27 billion, a price-to-earnings ratio of 32.96, a P/E/G ratio of 3.10 and a beta of 1.30.

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Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) 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 analyst estimates of $1.90 billion. Analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $145.00 price objective on shares of Arista Networks in a research note on Wednesday, February 19th. Erste Group Bank cut Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Rosenblatt Securities reiterated a "sell" rating and issued a $80.00 target price on shares of Arista Networks in a research report on Tuesday, February 18th. Citigroup reduced their target price on shares of Arista Networks from $121.00 to $92.00 and set a "buy" rating on the stock in a research note on Monday. Finally, UBS Group upgraded shares of Arista Networks from a "neutral" rating to a "buy" rating and lifted their target price for the company from $112.00 to $115.00 in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.29.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $112.02, for a total transaction of $896,160.00. Following the sale, the director now directly owns 155,784 shares of the company's stock, valued at $17,450,923.68. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kenneth Duda sold 80,000 shares of Arista Networks stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $115.61, for a total transaction of $9,248,800.00. Following the completion of the sale, the senior vice president now directly owns 12,976 shares of the company's stock, valued at $1,500,155.36. The trade was a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 411,031 shares of company stock worth $39,364,943. Company insiders own 3.54% of the company's stock.

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.