Larson Financial Group LLC acquired a new stake in Arista Networks Inc (NYSE:ANET) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120 shares of the technology company’s stock, valued at approximately $25,000.
Several other hedge funds have also recently bought and sold shares of ANET. CENTRAL TRUST Co lifted its holdings in shares of Arista Networks by 53.3% during the fourth quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock worth $29,000 after purchasing an additional 49 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth $39,000. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth $47,000. Parallel Advisors LLC lifted its holdings in shares of Arista Networks by 46.6% during the fourth quarter. Parallel Advisors LLC now owns 324 shares of the technology company’s stock worth $68,000 after purchasing an additional 103 shares during the period. Finally, Lavaca Capital LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth $101,000. 56.99% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Kenneth Duda sold 11,000 shares of the firm’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $227.83, for a total value of $2,506,130.00. Following the completion of the transaction, the senior vice president now owns 3,483 shares in the company, valued at $793,531.89. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anshul Sadana sold 1,197 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $235.00, for a total value of $281,295.00. Following the completion of the transaction, the insider now owns 1,414 shares of the company’s stock, valued at approximately $332,290. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,014 shares of company stock valued at $8,727,914. Company insiders own 24.95% of the company’s stock.
NYSE:ANET opened at $269.58 on Wednesday. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.48 and a quick ratio of 4.04. Arista Networks Inc has a 1 year low of $187.08 and a 1 year high of $313.37.
Arista Networks (NYSE:ANET) last released its quarterly earnings data on Thursday, February 14th. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.45. The firm had revenue of $595.70 million during the quarter, compared to analysts’ expectations of $591.41 million. Arista Networks had a return on equity of 29.37% and a net margin of 29.47%. Arista Networks’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 earnings per share. As a group, sell-side analysts anticipate that Arista Networks Inc will post 7.85 EPS for the current year.
Arista Networks Company Profile
Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.
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