Arista Networks Inc (ANET) Stake Lowered by C M Bidwell & Associates Ltd.

C M Bidwell & Associates Ltd. reduced its holdings in Arista Networks Inc (NYSE:ANET) by 26.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,835 shares of the technology company’s stock after selling 1,045 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Arista Networks were worth $724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ANET. Jackson Square Partners LLC lifted its holdings in shares of Arista Networks by 380.2% in the 4th quarter. Jackson Square Partners LLC now owns 1,272,515 shares of the technology company’s stock valued at $299,779,000 after buying an additional 1,007,491 shares during the period. First Republic Investment Management Inc. raised its holdings in Arista Networks by 1,062.8% during the first quarter. First Republic Investment Management Inc. now owns 388,857 shares of the technology company’s stock worth $99,275,000 after purchasing an additional 355,417 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Arista Networks by 125.3% during the fourth quarter. Macquarie Group Ltd. now owns 617,554 shares of the technology company’s stock worth $145,483,000 after purchasing an additional 343,415 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Arista Networks by 29.4% during the first quarter. JPMorgan Chase & Co. now owns 1,398,546 shares of the technology company’s stock worth $357,048,000 after purchasing an additional 317,410 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Arista Networks by 188.8% during the fourth quarter. Two Sigma Advisers LP now owns 433,024 shares of the technology company’s stock worth $102,012,000 after purchasing an additional 283,061 shares during the last quarter. 53.29% of the stock is owned by institutional investors and hedge funds.

In other news, insider John F. Mccool sold 5,026 shares of Arista Networks stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $251.39, for a total value of $1,263,486.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nikos Theodosopoulos sold 110 shares of Arista Networks stock in a transaction on Monday, May 21st. The shares were sold at an average price of $250.27, for a total value of $27,529.70. Following the completion of the transaction, the director now owns 1,746 shares in the company, valued at approximately $436,971.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,425 shares of company stock valued at $14,131,849. Company insiders own 24.95% of the company’s stock.

Several equities analysts recently issued reports on the company. ValuEngine cut Arista Networks from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Cleveland Research cut Arista Networks from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Citigroup lifted their price objective on Arista Networks from $315.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Zacks Investment Research cut Arista Networks from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Deutsche Bank reaffirmed a “sell” rating and set a $180.00 price objective (down from $195.00) on shares of Arista Networks in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Arista Networks currently has a consensus rating of “Buy” and an average target price of $262.01.

Shares of NYSE:ANET opened at $251.56 on Friday. The firm has a market capitalization of $19.03 billion, a PE ratio of 54.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.50. The company has a quick ratio of 4.61, a current ratio of 5.20 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a 52 week low of $141.78 and a 52 week high of $311.67.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.20. The business had revenue of $472.49 million during the quarter, compared to the consensus estimate of $462.11 million. Arista Networks had a return on equity of 27.23% and a net margin of 27.19%. research analysts anticipate that Arista Networks Inc will post 6.33 earnings per share for the current fiscal year.

About Arista Networks

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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