Arista Networks, Inc. $ANET Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Arista by 10.2% in Q3, selling 41,192 shares and leaving it with 364,390 shares valued at about $53.1 million.
• Company insiders have been net sellers, offloading a total of 196,237 shares worth ~$25.9 million in the past 90 days (including directors Yvonne Wassenaar and Charles Giancarlo), leaving insiders with roughly 3.39% ownership.
• Arista recently beat quarterly expectations (EPS $0.82 vs. $0.75 est.; revenue $2.49 billion, +28.9% YoY), and analysts remain broadly positive with a consensus “Moderate Buy” and an average target of about $176.88 while the stock trades near $133.

B. Metzler seel. Sohn & Co. AG cut its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 364,390 shares of the technology company's stock after selling 41,192 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Arista Networks were worth $53,095,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AdvisorNet Financial Inc lifted 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 purchasing an additional 72 shares in the last quarter. Richardson Financial Services Inc. raised its position in Arista Networks by 141.3% during the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company's stock valued at $32,000 after acquiring an additional 130 shares in the last quarter. Bare Financial Services Inc lifted its stake in shares of Arista Networks by 2,118.2% in the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock valued at $25,000 after purchasing an additional 233 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Arista Networks by 979.2% in the third quarter. SJS Investment Consulting Inc. now owns 259 shares of the technology company's stock worth $38,000 after buying an additional 235 shares during the last quarter. Finally, Guerra Advisors Inc acquired a new stake in Arista Networks in the 3rd quarter worth approximately $41,000. 82.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, Director Yvonne Wassenaar sold 1,815 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $132.44, for a total transaction of $240,378.60. Following the transaction, the director owned 12,574 shares in the company, valued at $1,665,300.56. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $140.43, for a total value 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. This trade represents a 44.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 196,237 shares of company stock valued at $25,865,760 over the last ninety days. 3.39% of the stock is currently owned by company insiders.

Arista Networks Price Performance

NYSE:ANET opened at $133.15 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The business's 50-day simple moving average is $134.45 and its 200-day simple moving average is $137.19. The stock has a market capitalization of $167.31 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 2.36 and a beta of 1.46.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.38 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. Arista Networks's revenue for the quarter was up 28.9% compared to the same quarter last year. On average, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

ANET has been the subject of several research analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Arista Networks in a research report on Monday, December 29th. Rosenblatt Securities increased their price objective on shares of Arista Networks from $140.00 to $165.00 and gave the company a "neutral" rating in a research note on Tuesday, February 10th. Morgan Stanley restated an "overweight" rating and set a $165.00 target price on shares of Arista Networks in a research report on Friday, February 13th. Wells Fargo & Company lifted their price target on shares of Arista Networks from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Finally, KeyCorp reiterated an "overweight" rating and issued a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $176.88.

Arista Networks Profile

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.

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