Mn Services Vermogensbeheer B.V. Has $54.41 Million Stock Holdings in Arista Networks, Inc. $ANET

Mn Services Vermogensbeheer B.V. grew its position in Arista Networks, Inc. (NYSE:ANET) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,231 shares of the technology company’s stock after purchasing an additional 7,155 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Arista Networks were worth $54,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc grew its stake in Arista Networks by 56.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Knuff & Co LLC bought a new position in Arista Networks in the 3rd quarter worth $29,000. Board of the Pension Protection Fund acquired a new position in Arista Networks during the 4th quarter worth $26,000. Richardson Financial Services Inc. lifted its position in Arista Networks by 141.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock worth $32,000 after acquiring an additional 130 shares during the last quarter. Finally, Quarry LP bought a new stake in Arista Networks during the third quarter valued at about $33,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ANET has been the topic of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 price target (up from $159.00) on shares of Arista Networks in a research report on Friday, February 13th. UBS Group set a $200.00 price objective on Arista Networks in a research report on Tuesday, February 24th. KeyCorp restated an “overweight” rating and set a $178.00 target price (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Evercore reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Arista Networks in a report on Friday, February 13th. Finally, Wells Fargo & Company lifted their price target on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.47.

Arista Networks Stock Performance

Shares of ANET opened at $115.86 on Tuesday. The company has a 50-day simple moving average of $135.21 and a 200-day simple moving average of $136.50. The firm has a market capitalization of $145.59 billion, a P/E ratio of 41.98, a P/E/G ratio of 2.14 and a beta of 1.46. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the company earned $0.66 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the sale, the director directly owned 9,784 shares in the company, valued at approximately $1,373,967.12. The trade was a 44.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 1,815 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $132.44, for a total value of $240,378.60. Following the completion of the transaction, the director owned 12,574 shares of the company’s stock, valued at $1,665,300.56. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 199,632 shares of company stock valued at $26,936,324 in the last quarter. Corporate insiders own 3.54% of the company’s stock.

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.