West Family Investments Inc. Purchases 40 Shares of Arista Networks, Inc. (NYSE:ANET)

West Family Investments Inc. raised its position in Arista Networks, Inc. (NYSE:ANET) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,267 shares of the technology company’s stock after buying an additional 40 shares during the period. West Family Investments Inc.’s holdings in Arista Networks were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Arista Networks by 32.2% in the 3rd quarter. FMR LLC now owns 10,318,633 shares of the technology company’s stock worth $1,897,906,000 after purchasing an additional 2,515,864 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Arista Networks by 439.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,259,305 shares of the technology company’s stock worth $231,624,000 after purchasing an additional 1,025,815 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Arista Networks by 25,188.0% in the 4th quarter. International Assets Investment Management LLC now owns 613,739 shares of the technology company’s stock worth $1,445,420,000 after purchasing an additional 611,312 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Arista Networks by 294.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 745,634 shares of the technology company’s stock worth $175,604,000 after purchasing an additional 556,568 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Arista Networks by 122.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 826,160 shares of the technology company’s stock worth $151,956,000 after purchasing an additional 454,146 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Transactions at Arista Networks

In other news, SVP Kenneth Duda sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $290.05, for a total value of $5,801,000.00. Following the transaction, the senior vice president now owns 3,244 shares of the company’s stock, valued at $940,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Kenneth Duda sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $290.05, for a total transaction of $5,801,000.00. Following the transaction, the senior vice president now directly owns 3,244 shares of the company’s stock, valued at $940,922.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yvonne Wassenaar sold 224 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $255.29, for a total value of $57,184.96. Following the sale, the director now directly owns 2,827 shares in the company, valued at $721,704.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,514 shares of company stock worth $95,369,397. 18.99% of the stock is owned by insiders.

Arista Networks Price Performance

ANET stock traded up $3.92 during trading hours on Thursday, reaching $259.13. The stock had a trading volume of 610,482 shares, compared to its average volume of 2,440,630. The stock has a market capitalization of $81.27 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13. The stock has a 50-day simple moving average of $279.08 and a 200 day simple moving average of $248.62. Arista Networks, Inc. has a fifty-two week low of $131.68 and a fifty-two week high of $307.74.

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

Analyst Ratings Changes

Several research analysts have weighed in on ANET shares. JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Arista Networks in a report on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $320.00 target price on shares of Arista Networks in a report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on Arista Networks from $297.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI reiterated an “outperform” rating and set a $300.00 target price on shares of Arista Networks in a report on Wednesday, March 27th. Finally, The Goldman Sachs Group lifted their target price on Arista Networks from $313.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.