Realta Investment Advisors Has $1.09 Million Stock Position in Arista Networks, Inc. (NYSE:ANET)

Realta Investment Advisors reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 67.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,642 shares of the technology company’s stock after selling 5,352 shares during the period. Realta Investment Advisors’ holdings in Arista Networks were worth $1,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC acquired a new stake in Arista Networks during the first quarter worth $881,848,000. Swedbank AB bought a new position in Arista Networks in the first quarter valued at about $521,767,000. Ameriprise Financial Inc. grew its position in shares of Arista Networks by 97.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock worth $628,966,000 after buying an additional 884,703 shares during the period. International Assets Investment Management LLC raised its position in shares of Arista Networks by 39,841.1% during the 3rd quarter. International Assets Investment Management LLC now owns 875,110 shares of the technology company’s stock valued at $3,358,850,000 after acquiring an additional 872,919 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Arista Networks by 4,160.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 515,700 shares of the technology company’s stock worth $180,743,000 after acquiring an additional 503,597 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 2.0 %

NYSE:ANET traded up $7.73 during trading hours on Friday, reaching $394.17. The company had a trading volume of 1,313,901 shares, compared to its average volume of 2,200,594. The firm has a market cap of $123.83 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 3.49 and a beta of 1.07. The firm’s 50 day moving average price is $376.13 and its 200-day moving average price is $338.73. Arista Networks, Inc. has a 52 week low of $203.19 and a 52 week high of $422.73.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.38. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Arista Networks had a net margin of 39.01% and a return on equity of 30.50%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 earnings per share. On average, analysts forecast that Arista Networks, Inc. will post 7.42 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, SVP Marc Taxay sold 4,497 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $336.32, for a total value of $1,512,431.04. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Marc Taxay sold 4,497 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $336.32, for a total value of $1,512,431.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kelly Bodnar Battles sold 373 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $396.48, for a total value of $147,887.04. Following the completion of the sale, the director now owns 2,192 shares of the company’s stock, valued at approximately $869,084.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,522 shares of company stock valued at $20,099,338 over the last 90 days. 3.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ANET has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $375.00 price objective on shares of Arista Networks in a report on Wednesday, July 31st. Morgan Stanley raised their target price on shares of Arista Networks from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. The Goldman Sachs Group upped their price objective on shares of Arista Networks from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. UBS Group boosted their price target on Arista Networks from $285.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Finally, Rosenblatt Securities raised their target price on shares of Arista Networks from $220.00 to $265.00 and gave the stock a “sell” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.88.

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.