Bellecapital International Ltd. Acquires 364 Shares of Arista Networks, Inc. (NYSE:ANET)

Bellecapital International Ltd. increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,763 shares of the technology company’s stock after buying an additional 364 shares during the period. Arista Networks comprises approximately 3.7% of Bellecapital International Ltd.’s holdings, making the stock its 8th biggest position. Bellecapital International Ltd.’s holdings in Arista Networks were worth $18,716,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ANET. NBC Securities Inc. grew its holdings in shares of Arista Networks by 21.5% during the first quarter. NBC Securities Inc. now owns 215 shares of the technology company’s stock valued at $62,000 after purchasing an additional 38 shares during the last quarter. Alaska Permanent Fund Corp acquired a new position in Arista Networks during the 1st quarter valued at approximately $37,000. Ballentine Partners LLC grew its stake in Arista Networks by 21.6% during the 1st quarter. Ballentine Partners LLC now owns 2,280 shares of the technology company’s stock worth $661,000 after buying an additional 405 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in Arista Networks in the first quarter worth $247,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its stake in Arista Networks by 872.7% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 107 shares of the technology company’s stock valued at $31,000 after buying an additional 96 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ANET. JPMorgan Chase & Co. lifted their price objective on shares of Arista Networks from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. KeyCorp boosted their price objective on Arista Networks from $349.00 to $432.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Evercore ISI increased their price objective on Arista Networks from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $375.00 target price on shares of Arista Networks in a research note on Wednesday, July 31st. Finally, Rosenblatt Securities increased their price target on Arista Networks from $220.00 to $265.00 and gave the stock a “sell” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and a consensus price target of $369.50.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 832 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $318.12, for a total value of $264,675.84. Following the completion of the sale, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at $5,624,679.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Charles H. Giancarlo sold 2,000 shares of Arista Networks stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $342.28, for a total value of $684,560.00. Following the transaction, the director now owns 50,946 shares of the company’s stock, valued at $17,437,796.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 832 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $318.12, for a total transaction of $264,675.84. Following the transaction, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at approximately $5,624,679.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,197 shares of company stock valued at $21,326,894. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 0.4 %

NYSE ANET traded up $1.62 during trading on Monday, reaching $403.62. 280,679 shares of the company’s stock were exchanged, compared to its average volume of 2,229,124. The firm has a market capitalization of $126.48 billion, a PE ratio of 55.99, a P/E/G ratio of 3.21 and a beta of 1.07. Arista Networks, Inc. has a fifty-two week low of $168.25 and a fifty-two week high of $422.73. The company’s fifty day simple moving average is $367.25 and its 200-day simple moving average is $331.82.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.38. Arista Networks had a net margin of 39.01% and a return on equity of 30.50%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts forecast that Arista Networks, Inc. will post 7.38 EPS for the current fiscal year.

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.