Aubrey Capital Management Ltd Has $3.63 Million Holdings in Arista Networks, Inc. (NYSE:ANET)

Aubrey Capital Management Ltd lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 12.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,400 shares of the technology company’s stock after acquiring an additional 1,700 shares during the quarter. Arista Networks makes up 1.5% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 13th biggest holding. Aubrey Capital Management Ltd’s holdings in Arista Networks were worth $3,626,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Larson Financial Group LLC bought a new position in Arista Networks during the third quarter worth $28,000. First Command Advisory Services Inc. bought a new position in Arista Networks during the third quarter worth $29,000. BluePath Capital Management LLC bought a new position in Arista Networks during the third quarter worth $33,000. NBC Securities Inc. bought a new position in Arista Networks during the third quarter worth $33,000. Finally, Atticus Wealth Management LLC raised its stake in Arista Networks by 3,625.0% during the fourth quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company’s stock worth $35,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 22,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $303.00, for a total value of $6,666,000.00. Following the transaction, the chief executive officer now directly owns 1,665,300 shares in the company, valued at $504,585,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Arista Networks news, CEO Jayshree Ullal sold 22,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $303.00, for a total value of $6,666,000.00. Following the transaction, the chief executive officer now directly owns 1,665,300 shares in the company, valued at $504,585,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kenneth Duda sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $284.31, for a total transaction of $5,686,200.00. Following the completion of the sale, the senior vice president now directly owns 3,244 shares in the company, valued at approximately $922,301.64. The disclosure for this sale can be found here. Insiders have sold a total of 333,494 shares of company stock worth $95,632,321 over the last three months. 18.99% of the stock is currently owned by insiders.

Arista Networks Stock Down 0.0 %

Arista Networks stock traded down $0.06 during midday trading on Friday, hitting $264.70. 2,521,905 shares of the stock were exchanged, compared to its average volume of 2,317,526. Arista Networks, Inc. has a 52-week low of $131.68 and a 52-week high of $307.74. The stock has a market capitalization of $83.01 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.09. The business’s 50-day moving average price is $279.09 and its 200-day moving average price is $246.85.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.38. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, sell-side analysts predict that Arista Networks, Inc. will post 6.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ANET shares. Needham & Company LLC reissued a “buy” rating and set a $320.00 target price on shares of Arista Networks in a research note on Tuesday, February 13th. KeyCorp lifted their price target on shares of Arista Networks from $232.00 to $287.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Piper Sandler lifted their price target on shares of Arista Networks from $254.00 to $268.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Arista Networks in a research note on Wednesday, March 27th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $210.00 price target on shares of Arista Networks in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.59.

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.