Arista Networks, Inc. (NYSE:ANET) is Gladstone Capital Management LLP's 10th Largest Position

Gladstone Capital Management LLP increased its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 124,191.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 621,456 shares of the technology company's stock after purchasing an additional 620,956 shares during the quarter. Arista Networks accounts for 5.7% of Gladstone Capital Management LLP's investment portfolio, making the stock its 10th biggest position. Gladstone Capital Management LLP's holdings in Arista Networks were worth $68,690,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Caitlin John LLC increased 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 valued at $26,000 after purchasing an additional 152 shares during the period. Capital Advisors Ltd. LLC boosted 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 worth $27,000 after acquiring an additional 191 shares in the last quarter. Cranbrook Wealth Management LLC increased its stake in shares of Arista Networks by 300.0% during 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 in the last quarter. Trust Co. of Vermont lifted its holdings in shares of Arista Networks by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 264 shares of the technology company's stock valued at $29,000 after purchasing an additional 198 shares during the last quarter. Finally, New Millennium Group LLC boosted its position in shares of Arista Networks by 300.0% in the 4th quarter. New Millennium Group LLC now owns 260 shares of the technology company's stock worth $29,000 after purchasing an additional 195 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

ANET has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $145.00 target price on shares of Arista Networks in a report on Wednesday, February 19th. StockNews.com lowered shares of Arista Networks from a "buy" rating to a "hold" rating in a research note on Thursday, December 12th. The Goldman Sachs Group reissued a "buy" rating on shares of Arista Networks in a research report on Monday, March 3rd. Rosenblatt Securities reaffirmed a "sell" rating and set a $80.00 price target on shares of Arista Networks in a research report on Tuesday, February 18th. Finally, Citigroup boosted their target price on shares of Arista Networks from $115.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $108.50.

Insider Buying and Selling

In other news, SVP Kenneth Duda sold 80,000 shares of the business's stock in a transaction on Thursday, February 6th. The stock was 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 of the company's stock, valued at approximately $1,500,155.36. The trade was a 86.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayshree Ullal sold 138,351 shares of the firm'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 $8,697,137.08. This represents a 59.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 411,001 shares of company stock valued at $39,362,831 over the last three months. 3.54% of the stock is owned by company insiders.

Arista Networks Stock Down 0.1 %

Arista Networks stock traded down $0.04 during mid-day trading on Wednesday, reaching $69.46. 4,067,056 shares of the company's stock traded hands, compared to its average volume of 9,078,515. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $133.58. The company has a market cap of $87.60 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.10 and a beta of 1.30. The stock has a 50 day moving average of $91.86 and a two-hundred day moving average of $100.77.

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

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.