Mizuho Securities Co. Ltd. Has $158,000 Position in Arista Networks, Inc. (NYSE:ANET)

Mizuho Securities Co. Ltd. increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 204.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 670 shares of the technology company’s stock after buying an additional 450 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Arista Networks were worth $158,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new stake in Arista Networks during the fourth quarter worth $35,000. Atticus Wealth Management LLC lifted its stake in Arista Networks by 3,625.0% during the fourth quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company’s stock worth $35,000 after purchasing an additional 145 shares during the last quarter. Larson Financial Group LLC bought a new stake in Arista Networks during the third quarter worth $28,000. Sandy Spring Bank lifted its stake in Arista Networks by 33.6% during the fourth quarter. Sandy Spring Bank now owns 155 shares of the technology company’s stock worth $37,000 after purchasing an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Arista Networks during the third quarter worth $29,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of ANET traded up $5.81 during trading hours on Tuesday, hitting $251.28. The stock had a trading volume of 2,297,441 shares, compared to its average volume of 2,467,584. The firm has a 50 day simple moving average of $279.29 and a 200-day simple moving average of $246.19. The firm has a market capitalization of $78.56 billion, a P/E ratio of 38.25, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Arista Networks, Inc. has a 1-year low of $131.68 and a 1-year high of $307.74.

Arista Networks (NYSE:ANET) last issued its earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.70 by $0.38. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. Equities analysts predict that Arista Networks, Inc. will post 6.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the subject of several recent analyst reports. KeyCorp upped their target price on Arista Networks from $232.00 to $287.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. increased their price target on Arista Networks from $297.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Rosenblatt Securities reiterated a “sell” rating and issued a $210.00 price target on shares of Arista Networks in a research note on Friday, April 12th. Needham & Company LLC reiterated a “buy” rating and issued a $320.00 price target on shares of Arista Networks in a research note on Tuesday, February 13th. Finally, Barclays increased their price target on Arista Networks from $272.00 to $311.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.59.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 733 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $268.15, for a total value of $196,553.95. Following the transaction, the chief executive officer now owns 74,031 shares of the company’s stock, valued at approximately $19,851,412.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Arista Networks news, Director Kelly Bodnar Battles sold 278 shares of Arista Networks stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $265.81, for a total transaction of $73,895.18. Following the transaction, the director now owns 2,553 shares of the company’s stock, valued at approximately $678,612.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jayshree Ullal sold 733 shares of Arista Networks stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $268.15, for a total transaction of $196,553.95. Following the transaction, the chief executive officer now directly owns 74,031 shares in the company, valued at approximately $19,851,412.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 334,227 shares of company stock valued at $95,828,875. 18.99% of the stock is 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.