Arista Networks, Inc. (NYSE:ANET) Stock Holdings Lifted by Capital Advisory Group Advisory Services LLC

Capital Advisory Group Advisory Services LLC raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 383.3% in the fourth quarter, Holdings Channel reports. The firm owned 2,900 shares of the technology company’s stock after buying an additional 2,300 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Arista Networks were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in Arista Networks during the third quarter valued at approximately $44,000. HM Payson & Co. raised its holdings in shares of Arista Networks by 28.2% during the 3rd quarter. HM Payson & Co. now owns 132 shares of the technology company’s stock valued at $51,000 after purchasing an additional 29 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Arista Networks by 2,133.3% in the 3rd quarter. True Wealth Design LLC now owns 134 shares of the technology company’s stock valued at $51,000 after purchasing an additional 128 shares during the last quarter. Anchor Investment Management LLC boosted its holdings 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 purchasing an additional 35 shares in the last quarter. Finally, Transcendent Capital Group LLC increased its position in Arista Networks by 75.0% during the third quarter. Transcendent Capital Group LLC now owns 175 shares of the technology company’s stock worth $67,000 after buying an additional 75 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arista Networks news, Director Kelly Bodnar Battles sold 1,488 shares of Arista Networks stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $107.13, for a total transaction of $159,409.44. Following the sale, the director now directly owns 8,128 shares of the company’s stock, valued at approximately $870,752.64. The trade was a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kenneth Duda sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $108.29, for a total value of $8,663,200.00. Following the completion of the sale, the senior vice president now owns 12,976 shares in the company, valued at approximately $1,405,171.04. This represents a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,944 shares of company stock valued at $30,214,186 over the last ninety days. 3.54% of the stock is owned by company insiders.

Arista Networks Stock Performance

NYSE ANET opened at $103.47 on Friday. The firm has a 50-day simple moving average of $113.94 and a 200 day simple moving average of $101.57. Arista Networks, Inc. has a twelve month low of $60.08 and a twelve month high of $133.57. The stock has a market cap of $130.35 billion, a PE ratio of 46.61, a PEG ratio of 2.98 and a beta of 1.09.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Arista Networks had a return on equity of 31.22% 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. Research analysts forecast that Arista Networks, Inc. will post 2.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ANET shares. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Arista Networks in a research note on Wednesday. The Goldman Sachs Group upped their target price on Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on Arista Networks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup boosted their price objective on shares of Arista Networks from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley raised their target price on shares of Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.79.

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.