Intellectus Partners LLC Has $412,000 Holdings in Arista Networks, Inc. (NYSE:ANET)

Intellectus Partners LLC trimmed its stake in Arista Networks, Inc. (NYSE:ANET) by 25.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,750 shares of the technology company’s stock after selling 600 shares during the quarter. Intellectus Partners LLC’s holdings in Arista Networks were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new stake in shares of Arista Networks during the 3rd quarter worth about $262,000. Valeo Financial Advisors LLC grew its stake in shares of Arista Networks by 18.6% in the third quarter. Valeo Financial Advisors LLC now owns 1,590 shares of the technology company’s stock worth $292,000 after acquiring an additional 249 shares during the last quarter. Lake Street Financial LLC increased its position in Arista Networks by 64.6% during the third quarter. Lake Street Financial LLC now owns 4,648 shares of the technology company’s stock worth $857,000 after acquiring an additional 1,824 shares during the period. Brookstone Capital Management bought a new position in shares of Arista Networks during the 3rd quarter worth about $1,561,000. Finally, Trinity Street Asset Management LLP increased its stake in Arista Networks by 3.2% during the third quarter. Trinity Street Asset Management LLP now owns 90,511 shares of the technology company’s stock valued at $16,648,000 after acquiring an additional 2,838 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ANET shares. Morgan Stanley upped their target price on Arista Networks from $230.00 to $272.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Melius raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Wells Fargo & Company increased their price target on shares of Arista Networks from $225.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Oppenheimer reiterated a “market perform” rating on shares of Arista Networks in a research note on Tuesday, February 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Arista Networks in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.59.

Insider Activity

In related news, Director Charles H. Giancarlo sold 2,000 shares of Arista Networks stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $286.52, for a total transaction of $573,040.00. Following the transaction, the director now owns 60,946 shares of the company’s stock, valued at approximately $17,462,247.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Charles H. Giancarlo sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $286.52, for a total transaction of $573,040.00. Following the sale, the director now owns 60,946 shares of the company’s stock, valued at approximately $17,462,247.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kenneth Duda sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $290.05, for a total value of $5,801,000.00. Following the completion of the transaction, the senior vice president now directly owns 3,244 shares of the company’s stock, valued at $940,922.20. The disclosure for this sale can be found here. Insiders sold a total of 332,514 shares of company stock valued at $95,369,397 in the last ninety days. 18.99% of the stock is owned by insiders.

Arista Networks Stock Down 0.0 %

Arista Networks stock opened at $264.70 on Monday. The business’s 50-day simple moving average is $279.09 and its 200 day simple moving average is $247.61. The stock has a market cap of $83.01 billion, a price-to-earnings ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.09. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74.

Arista Networks (NYSE:ANET) last issued its earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.38. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 6.7 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.