Arista Networks, Inc. (NYSE:ANET) Shares Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC raised its holdings in Arista Networks, Inc. (NYSE:ANET) by 307.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,661 shares of the technology company’s stock after purchasing an additional 75,951 shares during the quarter. Arista Networks accounts for approximately 3.6% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Mezzasalma Advisors LLC’s holdings in Arista Networks were worth $11,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Stock Yards Bank & Trust Co. acquired a new position in shares of Arista Networks during the 4th quarter worth approximately $242,000. Silver Oak Securities Incorporated boosted its holdings in shares of Arista Networks by 395.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock worth $2,072,000 after purchasing an additional 14,843 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Arista Networks by 475.5% in the fourth quarter. CENTRAL TRUST Co now owns 4,184 shares of the technology company’s stock valued at $462,000 after purchasing an additional 3,457 shares in the last quarter. GW Henssler & Associates Ltd. increased its holdings in shares of Arista Networks by 3.6% in the third quarter. GW Henssler & Associates Ltd. now owns 63,244 shares of the technology company’s stock valued at $24,274,000 after purchasing an additional 2,219 shares during the last quarter. Finally, Triasima Portfolio Management inc. lifted its position in Arista Networks by 371.3% during the fourth quarter. Triasima Portfolio Management inc. now owns 78,487 shares of the technology company’s stock worth $8,675,000 after buying an additional 61,833 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $412.65, for a total transaction of $825,300.00. Following the transaction, the director now owns 42,946 shares in the company, valued at approximately $17,721,666.90. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John F. Mccool sold 6,340 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $98.58, for a total value of $625,013.05. Following the completion of the sale, the insider now directly owns 288 shares of the company’s stock, valued at $28,391.76. This represents a 95.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,832 shares of company stock worth $28,538,497. 3.54% of the stock is currently owned by insiders.

Arista Networks Price Performance

NYSE ANET opened at $118.52 on Friday. The company has a fifty day moving average of $112.87 and a two-hundred day moving average of $99.58. The company has a market capitalization of $149.31 billion, a PE ratio of 56.98, a P/E/G 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.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Arista Networks had a net margin of 40.29% and a return on equity of 30.52%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm posted $0.41 EPS. Arista Networks’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, research analysts expect that Arista Networks, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

ANET has been the subject of several analyst reports. Evercore ISI upped their target price on Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Morgan Stanley increased their target price on shares of Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. UBS Group boosted their price objective on Arista Networks from $92.25 to $106.25 and gave the company a “neutral” rating in a report on Friday, November 8th. Piper Sandler reiterated a “neutral” rating and set a $105.25 target price (up from $86.25) on shares of Arista Networks in a report on Friday, November 8th. Finally, Barclays decreased their price objective on Arista Networks from $495.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $105.83.

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.