Arista Networks, Inc. (NYSE:ANET) Shares Bought by Bank OZK

Bank OZK raised its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 303.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,081 shares of the technology company's stock after buying an additional 26,391 shares during the quarter. Arista Networks comprises 1.6% of Bank OZK's portfolio, making the stock its 13th biggest holding. Bank OZK's holdings in Arista Networks were worth $3,878,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. bought a new stake in Arista Networks during the fourth quarter worth approximately $242,000. GHE LLC boosted its holdings in shares of Arista Networks by 319.0% in the 4th quarter. GHE LLC now owns 28,368 shares of the technology company's stock worth $3,136,000 after purchasing an additional 21,597 shares during the period. Colonial River Investments LLC increased its position in shares of Arista Networks by 327.6% during the 4th quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company's stock valued at $1,077,000 after purchasing an additional 7,466 shares during the last quarter. Silver Oak Securities Incorporated raised its holdings in Arista Networks by 395.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company's stock valued at $2,072,000 after buying an additional 14,843 shares during the period. Finally, Proactive Wealth Strategies LLC lifted its position in Arista Networks by 387.6% in the fourth quarter. Proactive Wealth Strategies LLC now owns 6,120 shares of the technology company's stock worth $676,000 after buying an additional 4,865 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of several analyst reports. Rosenblatt Securities restated a "sell" rating and issued a $80.00 target price on shares of Arista Networks in a report on Tuesday, February 18th. Evercore ISI boosted their target price on Arista Networks from $110.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Wells Fargo & Company increased their price target on Arista Networks from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Barclays boosted their price objective on Arista Networks from $125.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $108.00 target price (up previously from $106.00) on shares of Arista Networks in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $113.79.

Arista Networks Stock Performance

ANET traded down $0.68 on Tuesday, hitting $85.33. The company had a trading volume of 13,996,043 shares, compared to its average volume of 10,875,702. The stock has a market capitalization of $107.61 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 3.10 and a beta of 1.09. The stock has a fifty day moving average price of $111.25 and a 200-day moving average price of $102.27. Arista Networks, Inc. has a 12-month low of $60.08 and a 12-month high of $133.57.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.90 billion. Analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $111.51, for a total value of $892,080.00. Following the completion of the transaction, the director now directly owns 163,784 shares in the company, valued at $18,263,553.84. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jayshree Ullal sold 138,351 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $93.88, for a total value 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 approximately $8,697,137.08. This represents a 59.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 431,441 shares of company stock valued at $45,713,162. 3.54% of the stock is currently owned by corporate 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.