Seeds Investor LLC Acquires 7,159 Shares of Arista Networks, Inc. (NYSE:ANET)

Seeds Investor LLC raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 291.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,612 shares of the technology company's stock after acquiring an additional 7,159 shares during the period. Seeds Investor LLC's holdings in Arista Networks were worth $1,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ANET. Morse Asset Management Inc acquired a new stake in Arista Networks in the third quarter worth approximately $123,000. Sunbelt Securities Inc. lifted its holdings in shares of Arista Networks by 193.2% in the third quarter. Sunbelt Securities Inc. now owns 689 shares of the technology company's stock valued at $264,000 after buying an additional 454 shares during the period. Virtu Financial LLC bought a new position in Arista Networks during the third quarter valued at about $1,752,000. Anchor Investment Management LLC raised its position in Arista Networks by 35.0% in the third quarter. Anchor Investment Management LLC now owns 135 shares of the technology company's stock worth $52,000 after acquiring an additional 35 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Arista Networks in the 3rd quarter valued at about $401,000. Institutional investors own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a "sell" rating and issued a $80.00 price objective on shares of Arista Networks in a research note on Tuesday, February 18th. Needham & Company LLC reiterated a "buy" rating and set a $145.00 price objective on shares of Arista Networks in a research report on Wednesday, February 19th. Morgan Stanley reduced their price objective on Arista Networks from $118.00 to $73.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Barclays reaffirmed an "overweight" rating on shares of Arista Networks in a research report on Monday, March 3rd. Finally, Piper Sandler decreased their price target on Arista Networks from $108.00 to $76.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.29.

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Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $112.02, for a total transaction of $896,160.00. Following the transaction, the director now directly owns 155,784 shares of the company's stock, valued at $17,450,923.68. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kenneth Duda sold 80,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 12,976 shares of the company's stock, valued at $1,500,155.36. This represents a 86.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 411,031 shares of company stock valued at $39,364,943. 3.54% of the stock is owned by corporate insiders.

Arista Networks Trading Down 1.7 %

ANET stock traded down $1.26 during midday trading on Wednesday, reaching $71.94. The company had a trading volume of 7,997,006 shares, compared to its average volume of 11,365,517. The company has a 50 day moving average of $87.06 and a two-hundred day moving average of $99.81. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $133.57. The company has a market capitalization of $90.73 billion, a P/E ratio of 32.41, a PEG ratio of 3.10 and a beta of 1.30.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.90 billion. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

About Arista Networks

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.