Arista Networks, Inc. (NYSE:ANET) Shares Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 360.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,518 shares of the technology company's stock after buying an additional 16,849 shares during the period. BTG Pactual Asset Management US LLC's holdings in Arista Networks were worth $2,398,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Altman Advisors Inc. boosted its position in shares of Arista Networks by 292.5% during the 4th quarter. Altman Advisors Inc. now owns 23,010 shares of the technology company's stock worth $2,543,000 after purchasing an additional 17,148 shares in the last quarter. Advisors Capital Management LLC increased its stake in Arista Networks by 240.4% in the 4th quarter. Advisors Capital Management LLC now owns 3,989 shares of the technology company's stock valued at $441,000 after buying an additional 2,817 shares during the last quarter. Seeds Investor LLC increased its position in shares of Arista Networks by 291.8% during the 4th quarter. Seeds Investor LLC now owns 9,612 shares of the technology company's stock valued at $1,062,000 after purchasing an additional 7,159 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in Arista Networks during the fourth quarter valued at about $688,000. Finally, Townsquare Capital LLC grew its holdings in Arista Networks by 351.5% during the fourth quarter. Townsquare Capital LLC now owns 35,076 shares of the technology company's stock valued at $3,877,000 after purchasing an additional 27,307 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have recently commented on ANET shares. 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. Citigroup cut their price objective on shares of Arista Networks from $121.00 to $92.00 and set a "buy" rating for the company in a research note on Monday. UBS Group raised shares of Arista Networks from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $112.00 to $115.00 in a research note on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Arista Networks in a research report on Monday, March 3rd. Finally, Barclays reaffirmed an "overweight" rating on shares of Arista Networks in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Arista Networks has an average rating of "Moderate Buy" and an average target price of $104.29.

Arista Networks Trading Up 0.3 %

ANET traded up $0.20 on Tuesday, reaching $73.79. The stock had a trading volume of 627,339 shares, compared to its average volume of 9,123,794. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $133.58. The business's 50-day moving average price is $87.90 and its two-hundred day moving average price is $99.99. The company has a market cap of $93.06 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.

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, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $1.93 billion during 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%. As a group, analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.55, for a total value of $620,400.00. Following the completion of the sale, the director now directly owns 139,784 shares in the company, valued at $10,840,249.20. This represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kenneth Duda sold 80,000 shares of Arista Networks stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $84.85, for a total value of $6,788,000.00. Following the transaction, the senior vice president now owns 12,976 shares in the company, valued at approximately $1,101,013.60. The trade was a 86.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 411,031 shares of company stock valued at $39,364,943 over the last quarter. 3.54% of the stock is currently owned by insiders.

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.