Gratus Wealth Advisors LLC Buys 9,874 Shares of Arista Networks, Inc. (NYSE:ANET)

Gratus Wealth Advisors LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 299.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,169 shares of the technology company’s stock after purchasing an additional 9,874 shares during the period. Gratus Wealth Advisors LLC’s holdings in Arista Networks were worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ANET. Caitlin John LLC lifted its position in shares of Arista Networks by 174.7% during the 4th quarter. Caitlin John LLC now owns 239 shares of the technology company’s stock valued at $26,000 after buying an additional 152 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Arista Networks by 335.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 248 shares of the technology company’s stock worth $27,000 after acquiring an additional 191 shares during the period. Cranbrook Wealth Management LLC lifted its holdings in Arista Networks by 300.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 264 shares of the technology company’s stock valued at $29,000 after purchasing an additional 198 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Arista Networks by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 264 shares of the technology company’s stock valued at $29,000 after purchasing an additional 198 shares in the last quarter. Finally, New Millennium Group LLC boosted its position in shares of Arista Networks by 300.0% in the fourth quarter. New Millennium Group LLC now owns 260 shares of the technology company’s stock worth $29,000 after purchasing an additional 195 shares during the period. Institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

ANET has been the topic of several recent analyst reports. Rosenblatt Securities restated a “sell” rating and set a $80.00 target price on shares of Arista Networks in a research note on Tuesday, February 18th. Erste Group Bank cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Citigroup dropped their price objective on Arista Networks from $121.00 to $92.00 and set a “buy” rating for the company in a research note on Monday. Barclays reissued an “overweight” rating on shares of Arista Networks in a research note on Monday, March 3rd. Finally, Morgan Stanley dropped their price target on Arista Networks from $118.00 to $73.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.29.

Insider Activity

In related news, Director Kelly Bodnar Battles sold 1,488 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $107.13, for a total transaction of $159,409.44. Following the completion of the sale, the director now directly owns 8,128 shares of the company’s stock, valued at approximately $870,752.64. This trade represents a 15.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $112.02, for a total value of $896,160.00. Following the transaction, the director now owns 155,784 shares of the company’s stock, valued at approximately $17,450,923.68. The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 411,031 shares of company stock valued at $39,364,943. 3.54% of the stock is currently owned by company insiders.

Arista Networks Price Performance

Shares of NYSE ANET opened at $71.94 on Thursday. The stock has a market capitalization of $90.73 billion, a P/E ratio of 32.41, a PEG ratio of 3.10 and a beta of 1.30. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $133.58. The business’s 50 day moving average is $86.13 and its two-hundred day moving average is $99.61.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share 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.