Coldstream Capital Management Inc. Grows Position in Arista Networks, Inc. (NYSE:ANET)

Coldstream Capital Management Inc. increased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 345.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,401 shares of the technology company's stock after purchasing an additional 15,042 shares during the period. Coldstream Capital Management Inc.'s holdings in Arista Networks were worth $2,144,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ANET. Morse Asset Management Inc purchased a new position in Arista Networks during the third quarter valued at $123,000. Virtu Financial LLC purchased a new position in shares of Arista Networks in the 3rd quarter worth about $1,752,000. World Investment Advisors LLC bought a new position in Arista Networks in the 3rd quarter worth about $401,000. Wilmington Savings Fund Society FSB purchased a new stake in Arista Networks during the 3rd quarter valued at about $2,222,000. Finally, Tidal Investments LLC raised its holdings in Arista Networks by 5.6% in the third quarter. Tidal Investments LLC now owns 37,383 shares of the technology company's stock worth $14,348,000 after buying an additional 1,998 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Transactions at Arista Networks

In other news, Director Kelly Bodnar Battles sold 1,492 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $68.49, for a total value of $102,187.08. Following the completion of the transaction, the director now directly owns 7,480 shares of the company's stock, valued at approximately $512,305.20. The trade was a 16.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $112.02, for a total value of $896,160.00. Following the sale, the director now directly owns 155,784 shares in the company, valued at approximately $17,450,923.68. The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 412,355 shares of company stock worth $39,446,799. 3.54% of the stock is currently owned by insiders.

Arista Networks Stock Performance

NYSE ANET opened at $77.96 on Monday. The company has a market cap of $97.89 billion, a P/E ratio of 35.12, a P/E/G ratio of 3.10 and a beta of 1.30. The business's 50 day moving average price is $80.57 and its 200-day moving average price is $98.31. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $133.58.

Arista Networks (NYSE:ANET - Get Free Report) last announced 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. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Arista Networks from $140.00 to $110.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Citigroup reduced their price objective on Arista Networks from $121.00 to $92.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reissued a "buy" rating on shares of Arista Networks in a report on Monday, March 3rd. Morgan Stanley cut their price target on Arista Networks from $118.00 to $73.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Evercore ISI cut their target price on shares of Arista Networks from $130.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.29.

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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