Arista Networks, Inc. (NYSE:ANET) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 140.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,896 shares of the technology company's stock after buying an additional 20,951 shares during the quarter. Nisa Investment Advisors LLC's holdings in Arista Networks were worth $8,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Arista Networks by 1.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,309 shares of the technology company's stock valued at $14,203,000 after purchasing an additional 948 shares during the period. Smith Salley & Associates boosted its position in shares of Arista Networks by 3.9% during the fourth quarter. Smith Salley & Associates now owns 14,476 shares of the technology company's stock valued at $3,409,000 after purchasing an additional 549 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Arista Networks by 10.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,222 shares of the technology company's stock worth $523,000 after buying an additional 214 shares during the period. New York State Teachers Retirement System increased its stake in shares of Arista Networks by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 245,177 shares of the technology company's stock worth $57,742,000 after acquiring an additional 798 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its holdings in Arista Networks by 99.6% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 8,408 shares of the technology company's stock worth $1,980,000 after acquiring an additional 4,196 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insiders Place Their Bets

In other Arista Networks news, SVP Kenneth Duda sold 20,000 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $284.31, for a total value of $5,686,200.00. Following the completion of the sale, the senior vice president now directly owns 3,244 shares in the company, valued at approximately $922,301.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Arista Networks news, Director Yvonne Wassenaar sold 224 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $255.29, for a total transaction of $57,184.96. Following the sale, the director now owns 2,827 shares of the company's stock, valued at approximately $721,704.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kenneth Duda sold 20,000 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $284.31, for a total value of $5,686,200.00. Following the completion of the transaction, the senior vice president now directly owns 3,244 shares of the company's stock, valued at $922,301.64. The disclosure for this sale can be found here. Insiders have sold 336,994 shares of company stock worth $95,800,362 in the last ninety days. 18.99% of the stock is owned by company insiders.

Arista Networks Trading Down 2.3 %

Shares of NYSE ANET traded down $6.78 during mid-day trading on Wednesday, reaching $287.97. The company had a trading volume of 1,910,293 shares, compared to its average volume of 2,402,396. Arista Networks, Inc. has a 52 week low of $131.68 and a 52 week high of $307.74. The business's 50-day moving average is $281.14 and its 200-day moving average is $240.95. The stock has a market cap of $90.03 billion, a price-to-earnings ratio of 43.83, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.38. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company's revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, equities research analysts forecast that Arista Networks, Inc. will post 6.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ANET. Melius raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. Melius Research raised Arista Networks from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a research report on Monday, January 8th. JMP Securities reissued a "market outperform" rating and issued a $325.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $320.00 price target on shares of Arista Networks in a report on Tuesday, February 13th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $300.00 price target on shares of Arista Networks in a research note on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $275.59.

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.