Arista Networks, Inc. (NYSE:ANET) Shares Purchased by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC raised its holdings in Arista Networks, Inc. (NYSE:ANET) by 217.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,133 shares of the technology company’s stock after acquiring an additional 13,097 shares during the period. Arista Networks accounts for about 0.8% of Alpha DNA Investment Management LLC’s holdings, making the stock its 20th biggest position. Alpha DNA Investment Management LLC’s holdings in Arista Networks were worth $2,115,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Caitlin John LLC increased its position in Arista Networks by 174.7% during the fourth 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 last quarter. Capital Advisors Ltd. LLC grew 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 buying an additional 191 shares during the period. Cranbrook Wealth Management LLC increased its holdings in shares of Arista Networks by 300.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 264 shares of the technology company’s stock worth $29,000 after buying an additional 198 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Arista Networks by 300.0% in the 4th quarter. Trust Co. of Vermont now owns 264 shares of the technology company’s stock worth $29,000 after buying an additional 198 shares during the period. Finally, New Millennium Group LLC boosted its holdings in Arista Networks by 300.0% in the fourth quarter. New Millennium Group LLC now owns 260 shares of the technology company’s stock valued at $29,000 after acquiring an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ANET shares. Evercore ISI cut their price objective on Arista Networks from $130.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday. Citigroup reduced their price target on shares of Arista Networks from $121.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday. Rosenblatt Securities reissued a “sell” rating and issued a $80.00 price objective on shares of Arista Networks in a research report on Tuesday, February 18th. Barclays restated an “overweight” rating on shares of Arista Networks in a report on Monday, March 3rd. Finally, UBS Group raised shares of Arista Networks from a “neutral” rating to a “buy” rating and upped their price target for the stock from $112.00 to $115.00 in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.07.

Insider Buying and Selling

In other news, SVP Kenneth Duda sold 80,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $115.61, for a total value of $9,248,800.00. Following the transaction, the senior vice president now directly owns 12,976 shares in the company, valued at approximately $1,500,155.36. This trade represents a 86.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.55, for a total transaction of $620,400.00. Following the sale, the director now directly owns 139,784 shares of the company’s stock, valued at approximately $10,840,249.20. This represents a 5.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 411,031 shares of company stock worth $39,364,943. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Stock Down 1.1 %

ANET stock opened at $71.11 on Friday. The company has a market capitalization of $89.67 billion, a PE ratio of 32.03, a P/E/G ratio of 3.10 and a beta of 1.30. The stock’s 50 day moving average is $85.15 and its two-hundred day moving average is $99.44. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $133.58.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.