DE Burlo Group Inc. Purchases 12,754 Shares of Arista Networks, Inc. (NYSE:ANET)

DE Burlo Group Inc. raised its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 288.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,172 shares of the technology company's stock after purchasing an additional 12,754 shares during the period. DE Burlo Group Inc.'s holdings in Arista Networks were worth $1,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Caitlin John LLC lifted its stake in shares of Arista Networks by 174.7% during the 4th quarter. Caitlin John LLC now owns 239 shares of the technology company's stock worth $26,000 after purchasing an additional 152 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Arista Networks by 335.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 248 shares of the technology company's stock valued at $27,000 after acquiring an additional 191 shares during the last quarter. Cranbrook Wealth Management LLC increased its position in Arista Networks by 300.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 264 shares of the technology company's stock worth $29,000 after purchasing an additional 198 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Arista Networks by 300.0% during the 4th quarter. Trust Co. of Vermont now owns 264 shares of the technology company's stock valued at $29,000 after buying an additional 198 shares during the period. Finally, New Millennium Group LLC raised its position in shares of Arista Networks by 300.0% in the 4th quarter. New Millennium Group LLC now owns 260 shares of the technology company's stock worth $29,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $77.55, for a total value of $620,400.00. Following the completion of the transaction, the director now owns 139,784 shares in the company, valued at $10,840,249.20. This represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kelly Bodnar Battles sold 1,492 shares of the business's stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $68.49, for a total value of $102,187.08. Following the completion of the sale, the director now owns 7,480 shares in the company, valued at approximately $512,305.20. This trade represents a 16.63 % 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 $39,446,799. 3.54% of the stock is owned by company insiders.

Arista Networks Price Performance

Shares of NYSE:ANET traded down $0.28 on Wednesday, reaching $80.45. 4,407,700 shares of the company traded hands, compared to its average volume of 9,097,644. The company's 50 day moving average is $79.60 and its 200-day moving average is $98.01. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $133.58. The stock has a market capitalization of $101.02 billion, a PE ratio of 36.24, a P/E/G ratio of 3.10 and a beta of 1.30.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.90 billion. As a group, analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group raised Arista Networks from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $112.00 to $115.00 in a research note on Wednesday, March 5th. Rosenblatt Securities upgraded Arista Networks from a "sell" rating to a "neutral" rating and upped their price target for the stock from $55.00 to $85.00 in a report on Tuesday. The Goldman Sachs Group restated a "buy" rating on shares of Arista Networks in a research note on Monday, March 3rd. Erste Group Bank lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Citigroup reduced their price objective on shares of Arista Networks from $121.00 to $92.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.43.

Arista Networks Profile

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.