Natixis Advisors LLC Has $226.89 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• Natixis Advisors LLC trimmed its stake in Arista by 0.7% to 1,557,154 shares worth $226.89 million, representing roughly 0.12% of the company.
• Insiders sold 196,237 shares totaling about $25.87 million in the last three months, including Director Charles H. Giancarlo’s sale of 8,000 shares (~$1.03M).
• Wall Street is largely positive with a consensus "Moderate Buy" and average price target of $176.88, following Arista’s beat of estimates (EPS $0.82 vs. $0.75) and revenue of $2.49B, up 28.9% year-over-year.

Natixis Advisors LLC cut its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,557,154 shares of the technology company's stock after selling 11,610 shares during the period. Natixis Advisors LLC owned approximately 0.12% of Arista Networks worth $226,893,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ANET. Walkner Condon Financial Advisors LLC boosted its holdings in Arista Networks by 0.4% during the third quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company's stock valued at $2,697,000 after purchasing an additional 70 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Arista Networks by 56.7% during the 3rd 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. Crown Wealth Group LLC increased its stake in shares of Arista Networks by 2.4% in the third quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company's stock valued at $463,000 after buying an additional 75 shares in the last quarter. Fragasso Financial Advisors Inc increased its position in Arista Networks by 1.8% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 4,237 shares of the technology company's stock valued at $616,000 after acquiring an additional 76 shares in the last quarter. Finally, West Family Investments Inc. increased its holdings in shares of Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company's stock valued at $1,219,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on Arista Networks from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, February 13th. Barclays reaffirmed an "overweight" rating and set a $184.00 price objective (up from $183.00) on shares of Arista Networks in a research note on Friday, February 13th. UBS Group set a $200.00 target price on shares of Arista Networks in a report on Tuesday, February 24th. Erste Group Bank lowered Arista Networks from a "buy" rating to a "hold" rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Arista Networks in a research report on Monday, December 29th. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Arista Networks has a consensus rating of "Moderate Buy" and an average price target of $176.88.

Insider Buying and Selling at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $128.67, for a total value of $1,029,360.00. Following the completion of the sale, the director directly owned 1,784 shares in the company, valued at approximately $229,547.28. The trade was a 81.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $128.06, for a total value of $54,041.32. Following the sale, the director directly owned 9,529 shares in the company, valued at approximately $1,220,283.74. This trade represents a 4.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 196,237 shares of company stock worth $25,865,760. Insiders own 3.39% of the company's stock.

Arista Networks Stock Down 4.5%

NYSE:ANET opened at $133.15 on Friday. The stock's 50 day moving average price is $134.45 and its two-hundred day moving average price is $137.19. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94. The firm has a market capitalization of $167.31 billion, a price-to-earnings ratio of 48.24, a P/E/G ratio of 2.36 and a beta of 1.46.

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

Arista Networks Company 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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