Marshall Financial Group LLC Lowers Stock Position in Arista Networks, Inc. (NYSE:ANET)

Marshall Financial Group LLC cut its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,566 shares of the technology company’s stock after selling 34 shares during the period. Marshall Financial Group LLC’s holdings in Arista Networks were worth $601,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ANET. Wellington Management Group LLP grew its stake in shares of Arista Networks by 1.2% during the 4th quarter. Wellington Management Group LLP now owns 525,976 shares of the technology company’s stock valued at $123,873,000 after buying an additional 6,402 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at $235,000. NBC Securities Inc. grew its stake in shares of Arista Networks by 21.5% during the 1st quarter. NBC Securities Inc. now owns 215 shares of the technology company’s stock valued at $62,000 after buying an additional 38 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Arista Networks by 13.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 524 shares of the technology company’s stock valued at $152,000 after buying an additional 64 shares during the period. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Arista Networks during the 1st quarter valued at $37,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In related news, SVP Kenneth Duda sold 20,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $394.69, for a total transaction of $7,893,800.00. Following the completion of the sale, the senior vice president now owns 3,244 shares of the company’s stock, valued at $1,280,374.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Kenneth Duda sold 20,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $394.69, for a total transaction of $7,893,800.00. Following the completion of the sale, the senior vice president now owns 3,244 shares of the company’s stock, valued at $1,280,374.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelly Bodnar Battles sold 216 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $324.02, for a total transaction of $69,988.32. Following the sale, the director now directly owns 2,726 shares of the company’s stock, valued at approximately $883,278.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,197 shares of company stock valued at $21,326,894. Insiders own 3.54% of the company’s stock.

Arista Networks Stock Performance

ANET opened at $402.00 on Friday. The company has a 50-day moving average of $367.25 and a 200-day moving average of $331.31. The company has a market capitalization of $125.97 billion, a P/E ratio of 55.99, a PEG ratio of 3.21 and a beta of 1.07. Arista Networks, Inc. has a 1-year low of $168.25 and a 1-year high of $422.73.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, July 30th. The technology company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.38. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. Arista Networks had a net margin of 39.01% and a return on equity of 30.50%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 7.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ANET shares. Needham & Company LLC restated a “buy” rating and set a $375.00 target price on shares of Arista Networks in a report on Wednesday, July 31st. Morgan Stanley lifted their target price on shares of Arista Networks from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Wells Fargo & Company lifted their target price on shares of Arista Networks from $340.00 to $390.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on shares of Arista Networks from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Rosenblatt Securities lifted their target price on shares of Arista Networks from $220.00 to $265.00 and gave the company a “sell” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $369.50.

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.