Capital Advisors Ltd. LLC Grows Stock Holdings in Arista Networks, Inc. (NYSE:ANET)

Capital Advisors Ltd. LLC increased its position in Arista Networks, Inc. (NYSE:ANET) by 335.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 248 shares of the technology company’s stock after purchasing an additional 191 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Arista Networks were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Colonial River Investments LLC boosted its stake in shares of Arista Networks by 327.6% in the fourth quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company’s stock valued at $1,077,000 after purchasing an additional 7,466 shares during the period. Birchcreek Wealth Management LLC boosted its stake in shares of Arista Networks by 207.0% in the fourth quarter. Birchcreek Wealth Management LLC now owns 4,661 shares of the technology company’s stock valued at $515,000 after purchasing an additional 3,143 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Arista Networks by 283.1% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 224,084 shares of the technology company’s stock valued at $24,768,000 after purchasing an additional 165,588 shares during the period. Sigma Investment Counselors Inc. boosted its stake in shares of Arista Networks by 304.6% in the fourth quarter. Sigma Investment Counselors Inc. now owns 44,845 shares of the technology company’s stock valued at $4,957,000 after purchasing an additional 33,760 shares during the period. Finally, MONECO Advisors LLC purchased a new position in shares of Arista Networks in the fourth quarter valued at $206,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ANET shares. Rosenblatt Securities restated a “sell” rating and issued a $80.00 target price on shares of Arista Networks in a research note on Tuesday, February 18th. Evercore ISI upped their price target on shares of Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Morgan Stanley upped their price target on shares of Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price target on shares of Arista Networks in a report on Wednesday, February 19th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $108.00 price target (up from $106.00) on shares of Arista Networks in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.79.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $92.61 on Tuesday. The stock has a market capitalization of $116.79 billion, a price-to-earnings ratio of 41.72, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. Arista Networks, Inc. has a 1-year low of $60.08 and a 1-year high of $133.57. The company’s fifty day moving average is $113.18 and its two-hundred day moving average is $102.07.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 2,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $412.65, for a total transaction of $825,300.00. Following the completion of the transaction, the director now owns 42,946 shares in the company, valued at approximately $17,721,666.90. This represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kelly Bodnar Battles sold 1,488 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $107.13, for a total transaction of $159,409.44. Following the transaction, the director now owns 8,128 shares of the company’s stock, valued at $870,752.64. This represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 260,056 shares of company stock worth $30,225,623. Insiders own 3.54% of the company’s stock.

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.