Vestmark Advisory Solutions Inc. Has $4.44 Million Stock Holdings in Arista Networks, Inc. (NYSE:ANET)

Vestmark Advisory Solutions Inc. raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 305.5% in the 4th quarter, HoldingsChannel reports. The firm owned 40,131 shares of the technology company’s stock after buying an additional 30,234 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Arista Networks were worth $4,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. acquired a new stake in Arista Networks during the 4th quarter valued at $242,000. GHE LLC lifted its holdings in shares of Arista Networks by 319.0% during the fourth quarter. GHE LLC now owns 28,368 shares of the technology company’s stock worth $3,136,000 after buying an additional 21,597 shares in the last quarter. Colonial River Investments LLC lifted its holdings in shares of Arista Networks by 327.6% during the fourth quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company’s stock worth $1,077,000 after buying an additional 7,466 shares in the last quarter. Unified Investment Management acquired a new stake in shares of Arista Networks during the fourth quarter worth $630,000. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of Arista Networks by 395.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock worth $2,072,000 after buying an additional 14,843 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other news, SVP Marc Taxay sold 51,848 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $88.59, for a total transaction of $4,593,214.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John F. Mccool sold 288 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $108.70, for a total value of $31,305.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 411,289 shares of company stock worth $42,355,417. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ANET. The Goldman Sachs Group lifted their target price on Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. UBS Group raised Arista Networks from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $112.00 to $115.00 in a report on Wednesday. StockNews.com downgraded Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Evercore ISI lifted their target price on Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price target on shares of Arista Networks in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.00.

Arista Networks Stock Down 4.0 %

Arista Networks stock opened at $84.33 on Friday. Arista Networks, Inc. has a 12-month low of $60.08 and a 12-month high of $133.57. The business’s 50-day moving average price is $109.52 and its two-hundred day moving average price is $102.02. The stock has a market cap of $106.35 billion, a PE ratio of 37.99, a P/E/G ratio of 3.10 and a beta of 1.09.

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

Arista Networks 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.