Arista Networks, Inc. (NYSE:ANET) Shares Purchased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC raised its holdings in Arista Networks, Inc. (NYSE:ANET) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,255 shares of the technology company’s stock after acquiring an additional 40 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Arista Networks were worth $531,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at $230,000. Absolute Capital Management LLC acquired a new stake in Arista Networks in the 4th quarter worth about $330,000. Motley Fool Asset Management LLC boosted its stake in Arista Networks by 6.3% in the 4th quarter. Motley Fool Asset Management LLC now owns 9,185 shares of the technology company’s stock worth $2,163,000 after buying an additional 544 shares during the last quarter. VCI Wealth Management LLC purchased a new stake in Arista Networks in the 4th quarter valued at about $246,000. Finally, Syon Capital LLC increased its stake in shares of Arista Networks by 18.2% during the 4th quarter. Syon Capital LLC now owns 2,821 shares of the technology company’s stock valued at $664,000 after acquiring an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 0.0 %

Shares of ANET stock opened at $264.70 on Friday. The firm has a fifty day simple moving average of $279.09 and a 200-day simple moving average of $247.22. The company has a market capitalization of $83.01 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.26 and a beta of 1.09. Arista Networks, Inc. has a twelve month low of $131.68 and a twelve month high of $307.74.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.38. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. Equities research analysts predict that Arista Networks, Inc. will post 6.7 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Arista Networks from $230.00 to $272.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Oppenheimer reissued a “market perform” rating on shares of Arista Networks in a research note on Tuesday, February 13th. The Goldman Sachs Group increased their target price on Arista Networks from $313.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Rosenblatt Securities reiterated a “sell” rating and issued a $210.00 target price on shares of Arista Networks in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price target on Arista Networks from $297.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Arista Networks has an average rating of “Moderate Buy” and a consensus price target of $275.59.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 980 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $268.29, for a total transaction of $262,924.20. Following the completion of the sale, the chief executive officer now owns 73,051 shares of the company’s stock, valued at $19,598,852.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jayshree Ullal sold 980 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $268.29, for a total value of $262,924.20. Following the sale, the chief executive officer now owns 73,051 shares in the company, valued at approximately $19,598,852.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John F. Mccool sold 416 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $300.96, for a total transaction of $125,199.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 333,494 shares of company stock valued at $95,632,321. Insiders own 18.99% of the company’s stock.

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.