Holistic Financial Partners Has $358,000 Stake in Arista Networks, Inc. (NYSE:ANET)

Holistic Financial Partners raised its position in Arista Networks, Inc. (NYSE:ANET) by 301.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,235 shares of the technology company’s stock after purchasing an additional 2,429 shares during the quarter. Holistic Financial Partners’ holdings in Arista Networks were worth $358,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Crestwood Advisors Group LLC grew its holdings in shares of Arista Networks by 385.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 5,353 shares of the technology company’s stock valued at $592,000 after acquiring an additional 4,251 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Arista Networks by 319.7% in the 4th quarter. IFP Advisors Inc now owns 6,069 shares of the technology company’s stock valued at $671,000 after acquiring an additional 4,623 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Arista Networks by 335.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 248 shares of the technology company’s stock valued at $27,000 after acquiring an additional 191 shares in the last quarter. Colonial River Investments LLC grew its holdings in shares of Arista Networks by 327.6% in the 4th quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company’s stock valued at $1,077,000 after acquiring an additional 7,466 shares in the last quarter. Finally, Birchcreek Wealth Management LLC grew its holdings in shares of Arista Networks by 207.0% in the 4th quarter. Birchcreek Wealth Management LLC now owns 4,661 shares of the technology company’s stock valued at $515,000 after acquiring an additional 3,143 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Activity

In other news, SVP Kenneth Duda sold 80,000 shares of Arista Networks stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $108.29, for a total value of $8,663,200.00. Following the completion of the sale, the senior vice president now directly owns 12,976 shares in the company, valued at approximately $1,405,171.04. The trade was a 86.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $111.51, for a total transaction of $892,080.00. Following the transaction, the director now owns 163,784 shares of the company’s stock, valued at approximately $18,263,553.84. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 260,056 shares of company stock worth $30,225,623. Corporate insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com cut Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Morgan Stanley lifted their price target on Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Evercore ISI lifted their price target on Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. UBS Group lifted their price target on Arista Networks from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their price target on Arista Networks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $113.79.

Arista Networks Stock Down 4.9 %

Shares of ANET stock opened at $98.31 on Monday. The firm has a 50 day moving average price of $113.66 and a two-hundred day moving average price of $102.01. The company has a market capitalization of $123.97 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. Arista Networks, Inc. has a 12-month low of $60.08 and a 12-month high of $133.57.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. As a group, research analysts expect that Arista Networks, Inc. will post 2.19 EPS for the current year.

About Arista Networks

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.