Arista Networks, Inc. (NYSE:ANET) Position Boosted by Larson Financial Group LLC

Larson Financial Group LLC raised its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 354.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,536 shares of the technology company's stock after buying an additional 4,318 shares during the quarter. Larson Financial Group LLC's holdings in Arista Networks were worth $612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Zions Bancorporation N.A. increased its holdings in shares of Arista Networks by 6.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 417 shares of the technology company's stock valued at $160,000 after acquiring an additional 27 shares during the period. Intellectus Partners LLC grew its stake in Arista Networks by 1.4% during the 3rd quarter. Intellectus Partners LLC now owns 1,927 shares of the technology company's stock valued at $740,000 after purchasing an additional 27 shares during the last quarter. Altman Advisors Inc. grew its stake in Arista Networks by 0.5% during the 3rd quarter. Altman Advisors Inc. now owns 5,862 shares of the technology company's stock valued at $2,250,000 after purchasing an additional 28 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Arista Networks by 35.0% in the 3rd 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. Finally, Freedom Investment Management Inc. lifted its holdings in shares of Arista Networks by 2.3% in the 3rd quarter. Freedom Investment Management Inc. now owns 1,621 shares of the technology company's stock valued at $622,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

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Arista Networks Stock Down 7.0 %

Shares of ANET stock traded down $5.83 on Monday, reaching $77.53. 15,798,118 shares of the stock were exchanged, compared to its average volume of 8,734,648. The stock has a market cap of $97.77 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 3.10 and a beta of 1.08. The firm has a 50 day moving average of $108.24 and a two-hundred day moving average of $102.10. Arista Networks, Inc. has a 1-year low of $60.08 and a 1-year high of $133.58.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 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 business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. On average, equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 80,000 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $118.47, for a total value of $9,477,600.00. Following the completion of the transaction, the senior vice president now directly owns 12,976 shares of the company's stock, valued at $1,537,266.72. This represents a 86.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $111.51, for a total transaction of $892,080.00. Following the completion of the transaction, the director now directly owns 163,784 shares of the company's stock, valued at approximately $18,263,553.84. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 411,001 shares of company stock worth $42,324,111. Corporate insiders own 3.54% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ANET. Barclays reaffirmed an "overweight" rating on shares of Arista Networks in a report on Monday, March 3rd. Evercore ISI increased their price objective on Arista Networks from $110.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. UBS Group upgraded Arista Networks from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $112.00 to $115.00 in a research report on Wednesday, March 5th. Rosenblatt Securities restated a "sell" rating and set a $80.00 price target on shares of Arista Networks in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Arista Networks in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $114.00.

Arista Networks 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.