Arista Networks, Inc. (NYSE:ANET) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. cut its position in Arista Networks, Inc. (NYSE:ANET) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466,782 shares of the technology company’s stock after selling 8,530 shares during the period. Natixis Advisors L.P.’s holdings in Arista Networks were worth $109,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Arista Networks in the fourth quarter worth approximately $35,000. Atticus Wealth Management LLC boosted 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 buying an additional 145 shares during the last quarter. Larson Financial Group LLC acquired a new position in Arista Networks during the third quarter worth $28,000. Sandy Spring Bank boosted 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 buying an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in Arista Networks during the third quarter worth $29,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on ANET shares. JPMorgan Chase & Co. boosted their price objective on Arista Networks from $297.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler boosted their price objective on Arista Networks from $254.00 to $268.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Barclays lifted their target price on Arista Networks from $272.00 to $311.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Melius Research upgraded Arista Networks from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, January 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and a consensus price target of $275.59.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 87,418 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $278.81, for a total transaction of $24,373,012.58. Following the completion of the sale, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at approximately $4,929,639.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Yvonne Wassenaar sold 224 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $255.29, for a total transaction of $57,184.96. Following the completion of the transaction, the director now directly owns 2,827 shares of the company’s stock, valued at approximately $721,704.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jayshree Ullal sold 87,418 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $278.81, for a total value of $24,373,012.58. Following the transaction, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at $4,929,639.61. The disclosure for this sale can be found here. Insiders sold a total of 332,514 shares of company stock valued at $95,369,397 in the last ninety days. Insiders own 18.99% of the company’s stock.

Arista Networks Price Performance

Shares of ANET stock traded up $4.78 on Thursday, hitting $259.99. The stock had a trading volume of 750,381 shares, compared to its average volume of 2,442,737. The firm has a market capitalization of $81.54 billion, a P/E ratio of 39.39, a P/E/G ratio of 2.19 and a beta of 1.13. Arista Networks, Inc. has a 1 year low of $131.68 and a 1 year high of $307.74. The company’s 50 day moving average price is $279.08 and its 200-day moving average price is $248.62.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data 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 firm 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 was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 6.7 EPS for the current year.

Arista Networks 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.