1,665 Shares in Arista Networks, Inc. (NYSE:ANET) Bought by Dohj LLC

Dohj LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,665 shares of the technology company’s stock, valued at approximately $392,000.

A number of other hedge funds have also recently made changes to their positions in ANET. Fulton Breakefield Broenniman LLC lifted its holdings in Arista Networks by 1.8% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 2,255 shares of the technology company’s stock worth $531,000 after purchasing an additional 40 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Arista Networks in the fourth quarter worth $230,000. Absolute Capital Management LLC purchased a new position in Arista Networks during the fourth quarter valued at $330,000. Motley Fool Asset Management LLC increased its holdings in Arista Networks by 6.3% in the 4th quarter. Motley Fool Asset Management LLC now owns 9,185 shares of the technology company’s stock valued at $2,163,000 after acquiring an additional 544 shares during the last quarter. Finally, VCI Wealth Management LLC purchased a new stake in Arista Networks in the 4th quarter worth $246,000. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Melius raised Arista Networks from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Evercore ISI reiterated an “outperform” rating and set a $300.00 target price on shares of Arista Networks in a research report on Wednesday, March 27th. Morgan Stanley upped their price target on shares of Arista Networks from $230.00 to $272.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. KeyCorp lifted their price objective on shares of Arista Networks from $232.00 to $287.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Finally, Rosenblatt Securities restated a “sell” rating and set a $210.00 target price on shares of Arista Networks in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.59.

Arista Networks Price Performance

ANET stock traded down $0.06 during mid-day trading on Friday, reaching $264.70. The company had a trading volume of 2,521,905 shares, compared to its average volume of 2,317,526. The firm has a 50 day moving average of $279.09 and a 200 day moving average of $246.85. Arista Networks, Inc. has a 12 month low of $131.68 and a 12 month high of $307.74. The company has a market capitalization of $83.01 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.09.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.38. The firm had revenue of $1.54 billion during 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%. Arista Networks’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Analysts anticipate that Arista Networks, Inc. will post 6.7 EPS for the current year.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $286.52, for a total value of $573,040.00. Following the completion of the sale, the director now owns 60,946 shares in the company, valued at $17,462,247.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Yvonne Wassenaar sold 224 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $255.29, for a total value of $57,184.96. Following the completion of the transaction, the director now owns 2,827 shares of the company’s stock, valued at $721,704.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $286.52, for a total transaction of $573,040.00. Following the completion of the transaction, the director now directly owns 60,946 shares of the company’s stock, valued at approximately $17,462,247.92. The disclosure for this sale can be found here. Over the last quarter, insiders 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.