Arista Networks, Inc. (NYSE:ANET) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 318.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 501,156 shares of the technology company's stock after buying an additional 381,449 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Arista Networks were worth $55,418,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 80,000 shares of the company's stock in a transaction 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 owns 12,976 shares in the company, valued at $1,500,155.36. This represents a 86.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $112.02, for a total value of $896,160.00. Following the completion of the transaction, the director now owns 155,784 shares in the company, valued at $17,450,923.68. This represents a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 410,863 shares of company stock valued at $39,344,612 in the last ninety days. Corporate insiders own 3.54% of the company's stock.

Arista Networks Stock Performance

Arista Networks stock traded up $2.14 during mid-day trading on Wednesday, hitting $70.81. The company's stock had a trading volume of 11,578,864 shares, compared to its average volume of 9,103,532. The stock has a market cap of $88.91 billion, a PE ratio of 31.90, a P/E/G ratio of 3.10 and a beta of 1.30. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $133.58. The company has a 50 day moving average of $82.57 and a 200-day moving average of $98.87.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. On average, equities research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group upgraded Arista Networks from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $112.00 to $115.00 in a research report on Wednesday, March 5th. Rosenblatt Securities lowered their target price on Arista Networks from $85.00 to $55.00 and set a "sell" rating for the company in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Arista Networks from $118.00 to $73.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reissued an "overweight" rating on shares of Arista Networks in a research note on Monday, March 3rd. Finally, Citigroup lowered their price target on shares of Arista Networks from $121.00 to $92.00 and set a "buy" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $104.29.

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.