Scout Investments Inc. increased its position in Arista Networks Inc (NYSE:ANET) by 77.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,663 shares of the technology company’s stock after purchasing an additional 102,020 shares during the period. Arista Networks makes up approximately 1.2% of Scout Investments Inc.’s holdings, making the stock its 16th biggest position. Scout Investments Inc. owned 0.31% of Arista Networks worth $49,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. CENTRAL TRUST Co lifted its stake in Arista Networks by 53.3% during the 4th quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock valued at $29,000 after acquiring an additional 49 shares during the period. Dupont Capital Management Corp bought a new position in Arista Networks during the 3rd quarter valued at about $109,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in Arista Networks during the 2nd quarter valued at about $129,000. Bbva Compass Bancshares Inc. bought a new position in Arista Networks during the 3rd quarter valued at about $157,000. Finally, Atlas Capital Advisors LLC bought a new position in Arista Networks during the 3rd quarter valued at about $164,000. Institutional investors own 58.52% of the company’s stock.

Arista Networks stock traded up $0.14 during midday trading on Friday, hitting $218.10. The stock had a trading volume of 406,000 shares, compared to its average volume of 763,575. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 46.90, a P/E/G ratio of 1.29 and a beta of 1.55. Arista Networks Inc has a 52-week low of $187.08 and a 52-week high of $313.37. The company has a current ratio of 4.51, a quick ratio of 4.11 and a debt-to-equity ratio of 0.02.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, November 1st. The technology company reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.21. The company had revenue of $563.31 million during the quarter, compared to analyst estimates of $548.81 million. Arista Networks had a net margin of 28.05% and a return on equity of 29.06%. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. On average, analysts predict that Arista Networks Inc will post 6.84 EPS for the current year.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $210.14, for a total transaction of $420,280.00. Following the completion of the sale, the senior vice president now directly owns 16,283 shares of the company’s stock, valued at approximately $3,421,709.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kenneth Duda sold 11,000 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $238.61, for a total transaction of $2,624,710.00. Following the sale, the senior vice president now directly owns 2,664 shares of the company’s stock, valued at $635,657.04. The disclosure for this sale can be found here. Insiders sold a total of 32,725 shares of company stock valued at $7,565,795 over the last three months. 24.95% of the stock is currently owned by insiders.

ANET has been the topic of several research analyst reports. William Blair restated an “outperform” rating on shares of Arista Networks in a research note on Monday, September 17th. Berenberg Bank set a $350.00 target price on shares of Arista Networks and gave the company a “buy” rating in a research note on Wednesday, September 19th. UBS Group started coverage on shares of Arista Networks in a research note on Wednesday, September 26th. They set a “neutral” rating and a $290.00 target price on the stock. Goldman Sachs Group cut shares of Arista Networks from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Credit Suisse Group set a $311.00 price objective on shares of Arista Networks and gave the stock a “buy” rating in a research note on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Arista Networks has an average rating of “Buy” and a consensus target price of $293.09.

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Arista Networks Company Profile

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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