Lake Street Advisors Group LLC raised its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,124 shares of the technology company’s stock after purchasing an additional 99 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Arista Networks were worth $815,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. First Affirmative Financial Network raised its position in shares of Arista Networks by 4.3% during the third quarter. First Affirmative Financial Network now owns 682 shares of the technology company’s stock valued at $262,000 after buying an additional 28 shares during the last quarter. FCG Investment Co increased its position in Arista Networks by 2.3% in the second quarter. FCG Investment Co now owns 1,271 shares of the technology company’s stock worth $445,000 after purchasing an additional 29 shares during the last quarter. Everpar Advisors LLC increased its position in Arista Networks by 1.5% in the third quarter. Everpar Advisors LLC now owns 1,907 shares of the technology company’s stock worth $732,000 after purchasing an additional 29 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Arista Networks by 5.0% in the third quarter. Foundations Investment Advisors LLC now owns 653 shares of the technology company’s stock worth $251,000 after purchasing an additional 31 shares during the last quarter. Finally, Old Port Advisors increased its position in Arista Networks by 3.5% in the first quarter. Old Port Advisors now owns 955 shares of the technology company’s stock worth $277,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Insider Buying and Selling at Arista Networks
In other Arista Networks news, CEO Jayshree Ullal sold 832 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $318.12, for a total value of $264,675.84. Following the completion of the sale, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at $5,624,679.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Marc Taxay sold 628 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $350.50, for a total transaction of $220,114.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayshree Ullal sold 832 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $318.12, for a total value of $264,675.84. Following the transaction, the chief executive officer now owns 17,681 shares of the company’s stock, valued at $5,624,679.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,570 shares of company stock worth $21,474,782. Corporate insiders own 3.54% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Arista Networks
Arista Networks Trading Down 0.4 %
Arista Networks stock opened at $394.04 on Friday. Arista Networks, Inc. has a 12 month low of $168.25 and a 12 month high of $422.73. The firm has a market cap of $123.48 billion, a PE ratio of 54.88, a P/E/G ratio of 3.21 and a beta of 1.07. The stock’s 50 day simple moving average is $371.30 and its two-hundred day simple moving average is $334.19.
Arista Networks (NYSE:ANET – Get Free Report) last announced its earnings results on Tuesday, July 30th. The technology company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.38. Arista Networks had a return on equity of 30.50% and a net margin of 39.01%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $1.41 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that Arista Networks, Inc. will post 7.38 EPS for the current 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.
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