MASTERINVEST Kapitalanlage GmbH Sells 18,704 Shares of Arista Networks, Inc. $ANET

MASTERINVEST Kapitalanlage GmbH reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 43.8% in the third quarter, Holdings Channel reports. The firm owned 24,038 shares of the technology company’s stock after selling 18,704 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Arista Networks were worth $3,503,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ANET. SteelPeak Wealth LLC raised its holdings in shares of Arista Networks by 23.8% in the second quarter. SteelPeak Wealth LLC now owns 40,404 shares of the technology company’s stock valued at $4,134,000 after acquiring an additional 7,779 shares in the last quarter. Penobscot Investment Management Company Inc. increased its position in Arista Networks by 7.8% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 39,073 shares of the technology company’s stock valued at $3,998,000 after purchasing an additional 2,815 shares during the period. Vanguard Group Inc. raised its holdings in shares of Arista Networks by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock valued at $10,127,984,000 after purchasing an additional 1,136,167 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Arista Networks in the 2nd quarter worth approximately $247,451,000. Finally, Soltis Investment Advisors LLC boosted its stake in shares of Arista Networks by 99.3% during the second quarter. Soltis Investment Advisors LLC now owns 40,428 shares of the technology company’s stock valued at $4,136,000 after purchasing an additional 20,141 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Rosenblatt Securities restated a “neutral” rating and set a $140.00 target price on shares of Arista Networks in a report on Monday, November 24th. Piper Sandler upgraded Arista Networks from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $159.00 in a report on Monday, January 5th. Wolfe Research upped their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. The Goldman Sachs Group raised their price objective on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, UBS Group reiterated a “buy” rating and issued a $155.00 target price on shares of Arista Networks in a report on Wednesday, December 3rd. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.44.

Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $133.79, for a total transaction of $1,070,320.00. Following the completion of the sale, the director owned 17,784 shares of the company’s stock, valued at approximately $2,379,321.36. The trade was a 31.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 24,042 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $124.55, for a total value of $2,994,431.10. Following the sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,235,162.35. The trade was a 70.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 216,464 shares of company stock valued at $28,488,988 in the last three months. 3.39% of the stock is owned by insiders.

Arista Networks Price Performance

Shares of ANET stock opened at $123.05 on Friday. The stock’s fifty day moving average price is $130.43 and its 200 day moving average price is $131.65. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94. The company has a market cap of $154.95 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 2.08 and a beta of 1.41.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a return on equity of 30.28% and a net margin of 39.73%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business posted $2.40 earnings per share. The firm’s revenue was up 27.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.