Diversified Trust Co Increases Holdings in Arista Networks, Inc. (NYSE:ANET)

Diversified Trust Co grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 87.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,158 shares of the technology company’s stock after purchasing an additional 2,401 shares during the quarter. Diversified Trust Co’s holdings in Arista Networks were worth $1,980,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Arista Networks by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 29,494,876 shares of the technology company’s stock valued at $6,946,338,000 after purchasing an additional 1,596,040 shares during the last quarter. GQG Partners LLC purchased a new stake in Arista Networks in the 1st quarter worth about $881,848,000. Legal & General Group Plc increased its holdings in Arista Networks by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 2,195,733 shares of the technology company’s stock worth $769,560,000 after acquiring an additional 20,278 shares during the last quarter. Swedbank AB purchased a new stake in Arista Networks in the 1st quarter worth about $521,767,000. Finally, Ameriprise Financial Inc. increased its holdings in Arista Networks by 97.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock worth $628,966,000 after acquiring an additional 884,703 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 836 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $386.68, for a total value of $323,264.48. Following the sale, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at approximately $6,836,889.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jayshree Ullal sold 836 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $386.68, for a total transaction of $323,264.48. Following the sale, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at $6,836,889.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 2,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $382.52, for a total value of $765,040.00. Following the sale, the director now directly owns 46,946 shares in the company, valued at $17,957,783.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,197 shares of company stock valued at $13,433,094. Insiders own 3.54% of the company’s stock.

Arista Networks Trading Down 0.9 %

ANET opened at $392.54 on Tuesday. The stock has a fifty day simple moving average of $351.55 and a two-hundred day simple moving average of $324.25. The company has a market cap of $123.01 billion, a price-to-earnings ratio of 54.67, a price-to-earnings-growth ratio of 3.04 and a beta of 1.07. Arista Networks, Inc. has a 12-month low of $168.25 and a 12-month high of $399.48.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.38. Arista Networks had a return on equity of 30.50% and a net margin of 39.01%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that Arista Networks, Inc. will post 7.38 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ANET. UBS Group lifted their price objective on Arista Networks from $285.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Erste Group Bank reaffirmed a “buy” rating on shares of Arista Networks in a report on Friday, June 14th. KeyCorp lifted their target price on Arista Networks from $349.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Wells Fargo & Company lifted their target price on Arista Networks from $340.00 to $390.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $375.00 target price on shares of Arista Networks in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and an average target price of $364.81.

Arista Networks Company 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.