Arista Networks, Inc. (NYSE:ANET) Shares Acquired by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,400 shares of the technology company’s stock after buying an additional 1,700 shares during the quarter. Arista Networks comprises 1.5% of Aubrey Capital Management Ltd’s portfolio, making the stock its 13th largest position. Aubrey Capital Management Ltd’s holdings in Arista Networks were worth $3,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AXQ Capital LP acquired a new stake in Arista Networks during the third quarter valued at approximately $791,000. Advisor Resource Council grew its holdings in shares of Arista Networks by 507.9% during the fourth quarter. Advisor Resource Council now owns 7,021 shares of the technology company’s stock valued at $1,653,000 after purchasing an additional 5,866 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Arista Networks by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 4,445 shares of the technology company’s stock valued at $1,047,000 after purchasing an additional 194 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of Arista Networks by 0.5% during the fourth quarter. WCM Investment Management LLC now owns 3,024,220 shares of the technology company’s stock valued at $716,649,000 after purchasing an additional 16,081 shares during the last quarter. Finally, abrdn plc grew its holdings in shares of Arista Networks by 62.7% during the fourth quarter. abrdn plc now owns 113,851 shares of the technology company’s stock valued at $26,813,000 after purchasing an additional 43,889 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of recent analyst reports. Barclays increased their price objective on Arista Networks from $272.00 to $311.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Rosenblatt Securities reaffirmed a “sell” rating and set a $210.00 price target on shares of Arista Networks in a research note on Friday, April 12th. The Goldman Sachs Group increased their price target on Arista Networks from $313.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. increased their price objective on Arista Networks from $297.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Evercore ISI reiterated an “outperform” rating and set a $300.00 price objective on shares of Arista Networks in a research report on Wednesday, March 27th. 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 stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and an average price target of $275.59.

Arista Networks Trading Down 0.0 %

NYSE ANET traded down $0.06 during trading on Friday, hitting $264.70. 2,521,905 shares of the company traded hands, compared to its average volume of 2,317,526. Arista Networks, Inc. has a 12 month low of $131.68 and a 12 month high of $307.74. The business has a fifty day simple moving average of $279.09 and a 200 day simple moving average of $246.85. The company has a market capitalization of $83.01 billion, a P/E ratio of 40.27, a PEG ratio of 2.26 and a beta of 1.09.

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

Insider Transactions at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 20,000 shares of Arista Networks stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $284.31, for a total transaction of $5,686,200.00. Following the sale, the senior vice president now directly owns 3,244 shares of the company’s stock, valued at $922,301.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arista Networks news, CEO Jayshree Ullal sold 4,042 shares of Arista Networks stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $299.99, for a total transaction of $1,212,559.58. Following the sale, the chief executive officer now directly owns 1,628,532 shares of the company’s stock, valued at $488,543,314.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $284.31, for a total value of $5,686,200.00. Following the completion of the transaction, the senior vice president now directly owns 3,244 shares in the company, valued at $922,301.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 333,494 shares of company stock worth $95,632,321. Company insiders own 18.99% of the company’s stock.

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.