Blue Bell Private Wealth Management LLC Has $179,000 Holdings in Arista Networks, Inc. (NYSE:ANET)

Blue Bell Private Wealth Management LLC grew its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 297.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,616 shares of the technology company’s stock after acquiring an additional 1,209 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Arista Networks were worth $179,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ANET. Concurrent Investment Advisors LLC lifted its position in Arista Networks by 33.1% during the third quarter. Concurrent Investment Advisors LLC now owns 2,787 shares of the technology company’s stock worth $1,070,000 after acquiring an additional 693 shares during the last quarter. D.B. Root & Company LLC acquired a new stake in Arista Networks during the third quarter worth approximately $216,000. Graypoint LLC lifted its position in Arista Networks by 5.8% during the third quarter. Graypoint LLC now owns 1,974 shares of the technology company’s stock worth $758,000 after acquiring an additional 109 shares during the last quarter. Cozad Asset Management Inc. lifted its position in Arista Networks by 32.8% during the third quarter. Cozad Asset Management Inc. now owns 1,080 shares of the technology company’s stock worth $415,000 after acquiring an additional 267 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Arista Networks by 9.3% during the third quarter. Principal Financial Group Inc. now owns 339,556 shares of the technology company’s stock worth $130,328,000 after acquiring an additional 29,006 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $83.31 on Friday. The company’s 50 day simple moving average is $108.92 and its 200 day simple moving average is $101.99. The stock has a market capitalization of $105.07 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. Arista Networks, Inc. has a 1 year low of $60.08 and a 1 year high of $133.57.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 138,351 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $93.88, for a total value of $12,988,391.88. Following the sale, the chief executive officer now owns 92,641 shares of the company’s stock, valued at $8,697,137.08. The trade was a 59.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $89.03, for a total transaction of $712,240.00. Following the completion of the sale, the director now directly owns 147,784 shares in the company, valued at approximately $13,157,209.52. This represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 411,289 shares of company stock valued at $42,355,417. 3.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ANET shares. Rosenblatt Securities restated a “sell” rating and set a $80.00 price objective on shares of Arista Networks in a research report on Tuesday, February 18th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Arista Networks in a research report on Wednesday, February 19th. Barclays lifted their price target on shares of Arista Networks from $125.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company lifted their price target on shares of Arista Networks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Evercore ISI lifted their price target on shares of Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

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.