Capitolis Liquid Global Markets LLC Invests $92.51 Million in Arista Networks, Inc. (NYSE:ANET)

Capitolis Liquid Global Markets LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 837,000 shares of the technology company's stock, valued at approximately $92,514,000. Arista Networks comprises about 0.9% of Capitolis Liquid Global Markets LLC's portfolio, making the stock its 26th largest holding. Capitolis Liquid Global Markets LLC owned approximately 0.07% of Arista Networks as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC bought a new stake in Arista Networks in the 3rd quarter worth approximately $401,000. Principal Financial Group Inc. raised its position in Arista Networks by 9.3% during the third quarter. Principal Financial Group Inc. now owns 339,556 shares of the technology company's stock valued at $130,328,000 after purchasing an additional 29,006 shares during the period. CWA Asset Management Group LLC increased its position in shares of Arista Networks by 324.8% during the 4th quarter. CWA Asset Management Group LLC now owns 3,292 shares of the technology company's stock valued at $364,000 after purchasing an additional 2,517 shares during the last quarter. Capital Market Strategies LLC increased its position in Arista Networks by 307.5% during the fourth quarter. Capital Market Strategies LLC now owns 5,294 shares of the technology company's stock valued at $585,000 after acquiring an additional 3,995 shares during the last quarter. Finally, Horizons Wealth Management grew its holdings in Arista Networks by 300.0% during the 4th quarter. Horizons Wealth Management now owns 800 shares of the technology company's stock valued at $88,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 138,351 shares of Arista Networks stock in a transaction on Monday, February 24th. The shares were sold at an average price of $93.88, for a total value of $12,988,391.88. Following the transaction, the chief executive officer now directly owns 92,641 shares in the company, valued at $8,697,137.08. This trade represents a 59.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kenneth Duda sold 80,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $115.61, for a total value of $9,248,800.00. Following the transaction, the senior vice president now directly owns 12,976 shares of the company's stock, valued at approximately $1,500,155.36. This trade represents a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 412,355 shares of company stock valued at $39,259,279. 3.54% of the stock is owned by corporate insiders.

Arista Networks Trading Down 0.7 %

Arista Networks stock opened at $90.41 on Tuesday. The firm has a market capitalization of $113.52 billion, a P/E ratio of 40.73, a P/E/G ratio of 3.10 and a beta of 1.38. The stock's fifty day simple moving average is $79.03 and its 200-day simple moving average is $97.62. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $133.58.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. Sell-side analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Arista Networks from $140.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC restated a "buy" rating and set a $145.00 price objective on shares of Arista Networks in a report on Wednesday, February 19th. UBS Group upgraded Arista Networks from a "neutral" rating to a "buy" rating and lifted their price target for the company from $112.00 to $115.00 in a research report on Wednesday, March 5th. Evercore ISI decreased their price target on shares of Arista Networks from $130.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Arista Networks in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $108.36.

About Arista Networks

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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