GW Henssler & Associates Ltd. Has $24.27 Million Holdings in Arista Networks, Inc. (NYSE:ANET)

GW Henssler & Associates Ltd. increased its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,244 shares of the technology company's stock after acquiring an additional 2,219 shares during the period. Arista Networks makes up about 1.4% of GW Henssler & Associates Ltd.'s investment portfolio, making the stock its 27th largest position. GW Henssler & Associates Ltd.'s holdings in Arista Networks were worth $24,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC grew its holdings in shares of Arista Networks by 500.0% in the 2nd quarter. Beacon Capital Management LLC now owns 78 shares of the technology company's stock worth $27,000 after acquiring an additional 65 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in Arista Networks during the 2nd quarter worth about $27,000. Byrne Asset Management LLC acquired a new stake in Arista Networks during the 2nd quarter worth about $33,000. Sugarloaf Wealth Management LLC purchased a new stake in Arista Networks during the second quarter valued at about $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Arista Networks in the second quarter worth approximately $35,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Up 2.3 %

Arista Networks stock traded up $9.19 during trading hours on Tuesday, reaching $401.57. 1,159,880 shares of the company were exchanged, compared to its average volume of 2,209,626. Arista Networks, Inc. has a 12 month low of $174.59 and a 12 month high of $422.73. The stock has a 50-day moving average of $372.91 and a 200 day moving average of $336.15. The firm has a market cap of $125.84 billion, a price-to-earnings ratio of 54.63, a PEG ratio of 3.21 and a beta of 1.07.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, July 30th. The technology company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.38. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Arista Networks had a net margin of 39.01% and a return on equity of 30.50%. Arista Networks's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $1.41 EPS. As a group, research analysts forecast that Arista Networks, Inc. will post 7.38 EPS for the current year.

Insider Buying and Selling at Arista Networks

In related news, SVP Marc Taxay sold 628 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $350.50, for a total transaction of $220,114.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Kelly Bodnar Battles sold 373 shares of Arista Networks stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $396.48, for a total transaction of $147,887.04. Following the sale, the director now owns 2,192 shares of the company's stock, valued at approximately $869,084.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marc Taxay sold 628 shares of Arista Networks stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $350.50, for a total transaction of $220,114.00. The disclosure for this sale can be found here. Insiders sold 58,570 shares of company stock worth $21,474,782 over the last ninety days. Company insiders own 3.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ANET shares. KeyCorp raised their price objective on shares of Arista Networks from $349.00 to $432.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on Arista Networks from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. UBS Group lifted their target price on Arista Networks from $285.00 to $369.00 and gave the company a "neutral" rating in a research note on Wednesday, September 4th. Evercore ISI increased their price target on shares of Arista Networks from $400.00 to $425.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 1st. Finally, Barclays boosted their price objective on shares of Arista Networks from $320.00 to $341.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $369.50.

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.