Banque Transatlantique SA Has $45.47 Million Stock Holdings in Arista Networks, Inc. $ANET

Banque Transatlantique SA trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET) by 35.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,760 shares of the technology company’s stock after selling 245,236 shares during the period. Arista Networks makes up approximately 1.3% of Banque Transatlantique SA’s holdings, making the stock its 19th largest holding. Banque Transatlantique SA’s holdings in Arista Networks were worth $45,469,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Blue Capital Inc. acquired a new stake in shares of Arista Networks during the 2nd quarter worth approximately $231,000. Brevan Howard Capital Management LP raised its stake in shares of Arista Networks by 625.8% in the second quarter. Brevan Howard Capital Management LP now owns 148,366 shares of the technology company’s stock valued at $15,179,000 after purchasing an additional 127,925 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Arista Networks by 3.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 868,200 shares of the technology company’s stock worth $88,826,000 after purchasing an additional 25,400 shares during the period. AQR Capital Management LLC boosted its stake in Arista Networks by 13.2% during the second quarter. AQR Capital Management LLC now owns 8,742,112 shares of the technology company’s stock worth $892,919,000 after buying an additional 1,022,303 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in Arista Networks by 36.7% during the second quarter. PDT Partners LLC now owns 105,030 shares of the technology company’s stock worth $10,746,000 after buying an additional 28,220 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,343,860.00. Following the completion of the sale, the insider directly owned 542,400 shares in the company, valued at approximately $69,758,064. This trade represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $117.15, for a total value of $49,437.30. Following the completion of the transaction, the director directly owned 8,980 shares of the company’s stock, valued at $1,052,007. This represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 274,464 shares of company stock worth $38,250,488 over the last ninety days. Company insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Melius Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Needham & Company LLC lifted their price objective on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Arista Networks in a research note on Monday. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Trading Down 7.1%

NYSE:ANET opened at $124.83 on Friday. The stock has a market capitalization of $157.20 billion, a P/E ratio of 47.46, a price-to-earnings-growth ratio of 2.57 and a beta of 1.41. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94. The firm has a 50 day moving average of $138.96 and a 200-day moving average of $126.44.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a return on equity of 30.28% and a net margin of 39.73%.The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company earned $2.40 EPS. Arista Networks’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks Profile

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.