Centaurus Monetary Inc. raised its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 46.5% within the 2nd quarter, Holdings Channel.com studies. The agency owned 2,053 shares of the expertise firm’s inventory after buying a further 652 shares throughout the interval. Centaurus Monetary Inc.’s holdings in Arista Networks had been value $720,000 as of its most up-to-date SEC submitting.
Numerous different institutional traders have additionally modified their holdings of ANET. CIBC Personal Wealth Group LLC boosted its holdings in Arista Networks by 26.2% within the fourth quarter. CIBC Personal Wealth Group LLC now owns 19,562 shares of the expertise firm’s inventory value $4,607,000 after buying a further 4,059 shares throughout the interval. Crossmark World Holdings Inc. grew its place in shares of Arista Networks by 9.5% throughout the 4th quarter. Crossmark World Holdings Inc. now owns 14,737 shares of the expertise firm’s inventory valued at $3,471,000 after shopping for a further 1,284 shares over the past quarter. Cetera Advisor Networks LLC grew its place in shares of Arista Networks by 4.4% throughout the 4th quarter. Cetera Advisor Networks LLC now owns 22,375 shares of the expertise firm’s inventory valued at $5,270,000 after shopping for a further 947 shares over the past quarter. Public Staff Retirement Affiliation of Colorado boosted its stake in Arista Networks by 450.7% within the fourth quarter. Public Staff Retirement Affiliation of Colorado now owns 39,748 shares of the expertise firm’s inventory valued at $9,361,000 after buying a further 32,530 shares throughout the interval. Lastly, Cibc World Markets Corp grew its holdings in shares of Arista Networks by 136.6% throughout the fourth quarter. Cibc World Markets Corp now owns 32,739 shares of the expertise firm’s inventory valued at $7,710,000 after buying a further 18,899 shares over the past quarter. Institutional traders and hedge funds personal 82.47% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Numerous analysis analysts just lately issued studies on ANET shares. Evercore ISI boosted their worth goal on Arista Networks from $400.00 to $425.00 and gave the corporate an “outperform” score in a analysis report on Tuesday. Citigroup upped their worth goal on shares of Arista Networks from $330.00 to $385.00 and gave the inventory a “purchase” score in a analysis report on Thursday, June twenty seventh. Barclays lifted their worth goal on shares of Arista Networks from $320.00 to $341.00 and gave the corporate an “obese” score in a analysis report on Wednesday, July thirty first. Jefferies Monetary Group upped their goal worth on shares of Arista Networks from $340.00 to $380.00 and gave the inventory a “purchase” score in a analysis report on Wednesday, July thirty first. Lastly, KeyCorp boosted their worth goal on Arista Networks from $349.00 to $432.00 and gave the inventory an “obese” score in a analysis report on Wednesday, July seventeenth. One funding analyst has rated the inventory with a promote score, 4 have issued a maintain score and sixteen have given a purchase score to the inventory. Primarily based on information from MarketBeat, Arista Networks has a median score of “Average Purchase” and a median goal worth of $364.81.
View Our Newest Evaluation on ANET
Arista Networks Inventory Up 1.5 %
ANET opened at $395.99 on Friday. The enterprise has a fifty day easy transferring common of $351.55 and a 200-day easy transferring common of $323.80. The agency has a market cap of $124.09 billion, a PE ratio of 55.15, a P/E/G ratio of three.04 and a beta of 1.07. Arista Networks, Inc. has a fifty-two week low of $168.25 and a fifty-two week excessive of $396.80.
Arista Networks (NYSE:ANET – Get Free Report) final launched its quarterly earnings outcomes on Tuesday, July thirtieth. The expertise firm reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.38. The enterprise had income of $1.69 billion throughout the quarter, in comparison with analyst estimates of $1.66 billion. Arista Networks had a return on fairness of 30.50% and a internet margin of 39.01%. Arista Networks’s income for the quarter was up 15.9% on a year-over-year foundation. Throughout the identical quarter final 12 months, the corporate posted $1.41 EPS. On common, equities analysis analysts anticipate that Arista Networks, Inc. will submit 7.38 EPS for the present fiscal 12 months.
Insider Transactions at Arista Networks
In associated information, SVP Marc Taxay offered 624 shares of the corporate’s inventory in a transaction that occurred on Tuesday, October 1st. The shares had been offered at a median worth of $388.37, for a complete worth of $242,342.88. The sale was disclosed in a submitting with the Securities & Trade Fee, which is accessible by way of the SEC web site. In associated information, SVP Marc Taxay offered 624 shares of the corporate’s inventory in a transaction on Tuesday, October 1st. The inventory was offered at a median worth of $388.37, for a complete transaction of $242,342.88. The transaction was disclosed in a doc filed with the SEC, which might be accessed by way of this hyperlink. Additionally, Director Kelly Bodnar Battles offered 216 shares of the agency’s inventory in a transaction dated Tuesday, August sixth. The inventory was offered at a median worth of $324.02, for a complete worth of $69,988.32. Following the sale, the director now owns 2,726 shares of the corporate’s inventory, valued at $883,278.52. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. Insiders have offered a complete of 57,361 shares of firm inventory valued at $20,523,830 during the last ninety days. Company insiders personal 3.54% of the corporate’s inventory.
About Arista Networks
Arista Networks, Inc engages within the growth, advertising, and sale of data-driven, shopper to cloud networking options for information heart, campus, and routing environments within the Americas, Europe, the Center East, Africa, and the Asia-Pacific. Its cloud networking options encompass Extensible Working System (EOS), a publish-subscribe state-sharing networking working system supplied together with a set of community functions.
Additional Studying
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