Arista Networks, Inc. (NYSE:ANET) Shares Sold by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY lowered its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 806,230 shares of the technology company's stock after selling 39,755 shares during the quarter. Arista Networks makes up 3.5% of Bristol John W & Co. Inc. NY's portfolio, making the stock its 4th biggest position. Bristol John W & Co. Inc. NY owned 0.26% of Arista Networks worth $189,875,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Triasima Portfolio Management inc. grew its position in shares of Arista Networks by 5.4% in the 4th quarter. Triasima Portfolio Management inc. now owns 30,780 shares of the technology company's stock worth $7,249,000 after buying an additional 1,569 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Arista Networks in the 4th quarter worth approximately $3,580,000. WCM Investment Management LLC grew its position in shares of Arista Networks by 0.5% in the 4th quarter. WCM Investment Management LLC now owns 3,024,220 shares of the technology company's stock worth $716,649,000 after buying an additional 16,081 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Arista Networks in the 4th quarter worth approximately $217,000. Finally, Simplicity Solutions LLC grew its position in shares of Arista Networks by 4.6% in the 4th quarter. Simplicity Solutions LLC now owns 4,445 shares of the technology company's stock worth $1,047,000 after buying an additional 194 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Trading Down 8.6 %

NYSE:ANET traded down $25.36 during trading hours on Friday, reaching $271.22. 5,750,478 shares of the company were exchanged, compared to its average volume of 2,304,847. The stock's 50-day moving average is $281.78 and its 200-day moving average is $242.84. The firm has a market cap of $84.79 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09. Arista Networks, Inc. has a twelve month low of $131.68 and a twelve month high of $307.74.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ANET shares. Rosenblatt Securities reaffirmed a "sell" rating and issued a $210.00 price objective on shares of Arista Networks in a research report on Friday. Melius raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. JMP Securities reissued a "market outperform" rating and set a $325.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. KeyCorp boosted their target price on shares of Arista Networks from $232.00 to $287.00 and gave the stock an "overweight" rating in a research report on Thursday, January 18th. Finally, Oppenheimer reissued a "market perform" rating on shares of Arista Networks in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.59.

Insider Transactions at Arista Networks

In other news, SVP Kenneth Duda sold 20,000 shares of the company's stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $290.05, for a total transaction of $5,801,000.00. Following the completion of the sale, the senior vice president now owns 3,244 shares of the company's stock, valued at $940,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Kenneth Duda sold 20,000 shares of the company's stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $290.05, for a total value of $5,801,000.00. Following the completion of the sale, the senior vice president now owns 3,244 shares of the company's stock, valued at $940,922.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yvonne Wassenaar sold 186 shares of the company's stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $261.41, for a total transaction of $48,622.26. Following the completion of the sale, the director now directly owns 2,678 shares of the company's stock, valued at approximately $700,055.98. The disclosure for this sale can be found here. Insiders sold 361,036 shares of company stock valued at $102,813,921 over the last 90 days. 18.99% of the stock is currently owned by corporate insiders.

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.