Arista Networks, Inc. (NYSE:ANET) Shares Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 306.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,506 shares of the technology company’s stock after acquiring an additional 3,398 shares during the period. Personal CFO Solutions LLC’s holdings in Arista Networks were worth $498,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new position in Arista Networks in the 3rd quarter valued at about $44,000. True Wealth Design LLC lifted its holdings in 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 acquiring an additional 128 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in Arista Networks by 35.0% in the 3rd quarter. Anchor Investment Management LLC now owns 135 shares of the technology company’s stock valued at $52,000 after acquiring an additional 35 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in Arista Networks by 75.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 175 shares of the technology company’s stock valued at $67,000 after acquiring an additional 75 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Arista Networks by 52.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 183 shares of the technology company’s stock valued at $70,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $83.31 on Monday. The company’s fifty day moving average is $108.92 and its 200-day moving average is $102.18. The company has a market capitalization of $105.07 billion, a PE ratio of 37.53, a P/E/G ratio of 3.10 and a beta of 1.08. Arista Networks, Inc. has a 52 week low of $60.08 and a 52 week high of $133.57.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, beating 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 company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.90 billion. On average, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insiders Place Their Bets

In other Arista Networks news, SVP Kenneth Duda sold 80,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $118.47, for a total transaction of $9,477,600.00. Following the transaction, the senior vice president now owns 12,976 shares in the company, valued at $1,537,266.72. This trade represents a 86.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marc Taxay sold 51,848 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $88.59, for a total value of $4,593,214.32. The disclosure for this sale can be found here. Insiders sold a total of 411,001 shares of company stock valued at $42,324,111 in the last quarter. 3.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Arista Networks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Morgan Stanley increased their price target on shares of Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. UBS Group raised shares of Arista Networks from a “neutral” rating to a “buy” rating and increased their price target for the stock from $112.00 to $115.00 in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group increased their price objective on Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.00.

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.