Newbridge Financial Services Group Inc. Purchases Shares of 2,000 Arista Networks, Inc. (NYSE:ANET)

Newbridge Financial Services Group Inc. acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the technology company’s stock, valued at approximately $221,000.

A number of other large investors have also modified their holdings of ANET. Stock Yards Bank & Trust Co. bought a new stake in shares of Arista Networks in the 4th quarter valued at approximately $242,000. Silver Oak Securities Incorporated boosted its stake in Arista Networks by 395.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock valued at $2,072,000 after buying an additional 14,843 shares in the last quarter. CENTRAL TRUST Co raised its stake in Arista Networks by 475.5% during the fourth quarter. CENTRAL TRUST Co now owns 4,184 shares of the technology company’s stock worth $462,000 after acquiring an additional 3,457 shares in the last quarter. Triasima Portfolio Management inc. lifted its holdings in shares of Arista Networks by 371.3% during the fourth quarter. Triasima Portfolio Management inc. now owns 78,487 shares of the technology company’s stock valued at $8,675,000 after acquiring an additional 61,833 shares during the period. Finally, GW Henssler & Associates Ltd. boosted its stake in shares of Arista Networks by 3.6% in the 3rd 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 in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Performance

ANET opened at $118.52 on Monday. The company has a fifty day moving average price of $113.21 and a two-hundred day moving average price of $99.91. The firm 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 52 week low of $60.08 and a 52 week high of $133.57.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Arista Networks had a return on equity of 30.52% and a net margin of 40.29%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities analysts forecast that Arista Networks, Inc. will post 1.97 EPS for the current year.

Insiders Place Their Bets

In other news, insider John F. Mccool sold 6,340 shares of the business’s stock in a transaction 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 transaction, the insider now owns 288 shares of the company’s stock, valued at $28,391.76. The trade was a 95.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $112.02, for a total value of $896,160.00. Following the sale, the director now directly owns 155,784 shares in the company, valued at $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 255,832 shares of company stock worth $28,538,497. Insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ANET shares. UBS Group lifted their price target on shares of Arista Networks from $92.25 to $106.25 and gave the company a “neutral” rating in a report on Friday, November 8th. Morgan Stanley boosted their target price on Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. StockNews.com cut Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Barclays reduced their price objective on Arista Networks from $495.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Finally, Rosenblatt Securities raised their target price on Arista Networks from $66.25 to $80.00 and gave the company a “sell” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned 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 $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.