Baltimore Washington Financial Advisors Inc. lessened its holdings in shares of Arista Networks Inc (NYSE:ANET) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,584 shares of the technology company’s stock after selling 377 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Arista Networks were worth $7,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Intellectus Partners LLC increased its stake in Arista Networks by 97.8% in the 4th quarter. Intellectus Partners LLC now owns 3,033 shares of the technology company’s stock worth $639,000 after purchasing an additional 1,500 shares during the period. Intercontinental Wealth Advisors LLC purchased a new position in shares of Arista Networks during the fourth quarter valued at approximately $47,000. Prudential Financial Inc. increased its stake in shares of Arista Networks by 3.9% during the fourth quarter. Prudential Financial Inc. now owns 113,547 shares of the technology company’s stock valued at $23,924,000 after buying an additional 4,259 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Arista Networks by 5.2% during the fourth quarter. State of Alaska Department of Revenue now owns 10,253 shares of the technology company’s stock valued at $2,159,000 after buying an additional 503 shares during the period. Finally, Mondrian Capital Management LLC purchased a new position in shares of Arista Networks during the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 56.33% of the company’s stock.

Several equities research analysts recently weighed in on ANET shares. Zacks Investment Research lowered Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Morgan Stanley upgraded Arista Networks from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $290.00 to $250.00 in a research report on Monday, January 7th. Nomura upgraded Arista Networks from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a research report on Friday, January 18th. ValuEngine lowered Arista Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, JPMorgan Chase & Co. set a $285.00 price target on Arista Networks and gave the company a “hold” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the stock. Arista Networks presently has a consensus rating of “Buy” and an average target price of $300.91.

Arista Networks stock traded down $6.64 during mid-day trading on Thursday, hitting $321.40. The company had a trading volume of 12,877 shares, compared to its average volume of 835,340. The company has a current ratio of 4.48, a quick ratio of 4.04 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a 12 month low of $187.08 and a 12 month high of $331.27. The company has a market capitalization of $24.80 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.51.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 14th. The technology company reported $2.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.45. Arista Networks had a return on equity of 29.37% and a net margin of 29.47%. The business had revenue of $595.70 million for the quarter, compared to the consensus estimate of $591.41 million. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, equities research analysts predict that Arista Networks Inc will post 8.24 EPS for the current year.

In other news, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $218.11, for a total transaction of $436,220.00. Following the transaction, the senior vice president now directly owns 15,367 shares of the company’s stock, valued at $3,351,696.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Manuel Felix Rivelo sold 702 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $300.00, for a total value of $210,600.00. Following the transaction, the senior vice president now directly owns 270 shares in the company, valued at $81,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 239,229 shares of company stock worth $70,325,047. Corporate insiders own 24.95% of the company’s stock.

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Arista Networks Company Profile

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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