Arista Networks, Inc. (NYSE:ANET) Shares Bought by Systematic Alpha Investments LLC

Systematic Alpha Investments LLC boosted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 300.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,296 shares of the technology company's stock after purchasing an additional 17,472 shares during the quarter. Systematic Alpha Investments LLC's holdings in Arista Networks were worth $2,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Smith Moore & CO. increased its stake in Arista Networks by 300.0% in the fourth quarter. Smith Moore & CO. now owns 2,932 shares of the technology company's stock valued at $324,000 after purchasing an additional 2,199 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA increased its stake in shares of Arista Networks by 290.5% during the 4th quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 3,300 shares of the technology company's stock valued at $365,000 after acquiring an additional 2,455 shares during the last quarter. Prudential PLC lifted its holdings in shares of Arista Networks by 370.5% during the 4th quarter. Prudential PLC now owns 173,979 shares of the technology company's stock worth $19,230,000 after acquiring an additional 137,005 shares during the period. PAX Financial Group LLC boosted its position in shares of Arista Networks by 300.3% in the fourth quarter. PAX Financial Group LLC now owns 44,767 shares of the technology company's stock worth $4,948,000 after acquiring an additional 33,584 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in Arista Networks by 297.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 16,220 shares of the technology company's stock valued at $1,792,000 after purchasing an additional 12,140 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In other Arista Networks news, SVP Marc Taxay sold 51,848 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $88.59, for a total transaction of $4,593,214.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jayshree Ullal sold 138,351 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $93.88, for a total transaction 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 trade represents a 59.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 411,001 shares of company stock valued at $39,362,831. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 4.0 %

ANET stock traded up $2.71 during trading on Tuesday, reaching $70.88. The stock had a trading volume of 9,472,274 shares, compared to its average volume of 11,095,460. The firm has a fifty day moving average price of $93.37 and a 200 day moving average price of $101.18. The company has a market capitalization of $89.38 billion, a P/E ratio of 31.93, a PEG ratio of 3.10 and a beta of 1.30. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $133.57.

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, 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 the consensus estimate of $1.90 billion. Sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of recent analyst reports. Erste Group Bank downgraded shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. UBS Group raised Arista Networks from a "neutral" rating to a "buy" rating and boosted their price target for the company from $112.00 to $115.00 in a research report on Wednesday, March 5th. StockNews.com downgraded Arista Networks from a "buy" rating to a "hold" rating in a report on Thursday, December 12th. Wells Fargo & Company reiterated an "overweight" rating on shares of Arista Networks in a report on Monday, March 3rd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Arista Networks in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Arista Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.71.

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.