Arista Networks, Inc. (NYSE:ANET) Stake Raised by Gladstone Capital Management LLP

Gladstone Capital Management LLP raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 124,191.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 621,456 shares of the technology company’s stock after buying an additional 620,956 shares during the quarter. Arista Networks comprises about 5.7% of Gladstone Capital Management LLP’s investment portfolio, making the stock its 10th biggest position. Gladstone Capital Management LLP’s holdings in Arista Networks were worth $68,690,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. purchased a new position in shares of Arista Networks during the 4th quarter worth about $35,254,000. Leeward Financial Partners LLC increased its position in Arista Networks by 307.8% during the fourth quarter. Leeward Financial Partners LLC now owns 3,564 shares of the technology company’s stock worth $394,000 after purchasing an additional 2,690 shares during the last quarter. Systematic Alpha Investments LLC raised its stake in Arista Networks by 300.0% during the fourth quarter. Systematic Alpha Investments LLC now owns 23,296 shares of the technology company’s stock worth $2,575,000 after purchasing an additional 17,472 shares during the period. Smith Moore & CO. boosted its holdings in shares of Arista Networks by 300.0% in the 4th quarter. Smith Moore & CO. now owns 2,932 shares of the technology company’s stock valued at $324,000 after purchasing an additional 2,199 shares during the last quarter. Finally, Rosenblum Silverman Sutton S F Inc. CA increased its holdings in shares of Arista Networks by 290.5% during the 4th quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 3,300 shares of the technology company’s stock worth $365,000 after buying an additional 2,455 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 138,351 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $93.88, for a total value of $12,988,391.88. Following the sale, the chief executive officer now owns 92,641 shares of the company’s stock, valued at approximately $8,697,137.08. The trade was a 59.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kelly Bodnar Battles sold 1,488 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $107.13, for a total value of $159,409.44. Following the completion of the sale, the director now owns 8,128 shares of the company’s stock, valued at approximately $870,752.64. This trade represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 491,001 shares of company stock worth $48,840,431 in the last ninety days. 3.54% of the stock is owned by insiders.

Arista Networks Trading Down 9.8 %

Arista Networks stock opened at $64.28 on Friday. The stock has a 50 day moving average of $94.01 and a 200-day moving average of $101.21. The stock has a market cap of $81.07 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. Arista Networks, Inc. has a 52 week low of $60.08 and a 52 week high of $133.58.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ANET shares. Rosenblatt Securities restated a “sell” rating and issued a $80.00 price objective on shares of Arista Networks in a report on Tuesday, February 18th. Erste Group Bank lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Barclays reiterated an “overweight” rating on shares of Arista Networks in a research note on Monday, March 3rd. Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Arista Networks in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Arista Networks in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

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.