Kepler Cheuvreux Suisse SA Purchases New Stake in Arista Networks, Inc. $ANET

Kepler Cheuvreux Suisse SA purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 12,521 shares of the technology company’s stock, valued at approximately $1,824,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANET. Brighton Jones LLC lifted its stake in Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new position in Arista Networks during the fourth quarter worth about $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks during the 4th quarter worth about $251,000. Sivia Capital Partners LLC increased its stake in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Midwest Trust Co bought a new stake in shares of Arista Networks in the 2nd quarter valued at about $343,000. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the completion of the transaction, the director directly owned 9,784 shares of the company’s stock, valued at $1,373,967.12. This represents a 44.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 1,815 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $132.44, for a total value of $240,378.60. Following the transaction, the director owned 12,574 shares of the company’s stock, valued at approximately $1,665,300.56. The trade was a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 196,237 shares of company stock worth $25,865,760. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Stock Down 0.9%

Arista Networks stock opened at $138.33 on Thursday. The company has a 50 day moving average of $134.80 and a 200-day moving average of $137.32. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The stock has a market capitalization of $173.81 billion, a PE ratio of 50.12, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.38 billion. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the business posted $0.66 earnings per share. Equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Evercore reissued an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a research note on Friday, February 13th. KeyCorp reissued an “overweight” rating and set a $178.00 price target (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Needham & Company LLC upped their price objective on shares of Arista Networks from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Wells Fargo & Company lifted their target price on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $165.00 target price on shares of Arista Networks in a research note on Friday, February 13th. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.88.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.