17,041 Shares in Arista Networks, Inc. $ANET Purchased by Three Seasons Wealth LLC

Three Seasons Wealth LLC bought a new position in Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,041 shares of the technology company’s stock, valued at approximately $2,483,000. Arista Networks makes up about 0.2% of Three Seasons Wealth LLC’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ANET. AdvisorNet Financial Inc increased its holdings in shares of Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock valued at $29,000 after buying an additional 72 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of Arista Networks by 1.8% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 4,237 shares of the technology company’s stock worth $616,000 after acquiring an additional 76 shares during the last quarter. Stablepoint Partners LLC raised its position in shares of Arista Networks by 0.8% during the second quarter. Stablepoint Partners LLC now owns 9,406 shares of the technology company’s stock worth $962,000 after purchasing an additional 77 shares during the period. Glenview Trust co lifted its holdings in shares of Arista Networks by 2.5% during the second quarter. Glenview Trust co now owns 3,502 shares of the technology company’s stock valued at $358,000 after purchasing an additional 84 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its position in shares of Arista Networks by 1.0% in the 2nd quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock valued at $947,000 after purchasing an additional 88 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,852,324. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jayshree Ullal sold 24,042 shares of Arista Networks stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total value of $2,994,431.10. Following the sale, the chief executive officer directly owned 9,917 shares in the company, valued at approximately $1,235,162.35. This trade represents a 70.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 216,464 shares of company stock valued at $28,598,588 in the last quarter. Insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC boosted their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Barclays reissued an “overweight” rating and issued a $183.00 target price (up from $179.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Rosenblatt Securities restated a “neutral” rating and issued a $140.00 price target on shares of Arista Networks in a research report on Monday, November 24th. Melius Research lifted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Arista Networks in a research note on Monday, December 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.56.

Arista Networks Stock Performance

Arista Networks stock opened at $131.92 on Monday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The firm has a market cap of $166.13 billion, a PE ratio of 50.16, a P/E/G ratio of 2.52 and a beta of 1.41. The firm’s 50 day moving average price is $135.01 and its two-hundred day moving average price is $129.44.

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