WD Rutherford LLC Has $4.01 Million Stock Position in Arista Networks, Inc. (NYSE:ANET)

WD Rutherford LLC lowered its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,027 shares of the technology company’s stock after selling 1,053 shares during the period. Arista Networks comprises about 2.4% of WD Rutherford LLC’s portfolio, making the stock its 13th biggest holding. WD Rutherford LLC’s holdings in Arista Networks were worth $4,010,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ANET. Larson Financial Group LLC purchased a new stake in shares of Arista Networks in the third quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new position in Arista Networks in the 3rd quarter worth approximately $29,000. BluePath Capital Management LLC purchased a new position in Arista Networks in the 3rd quarter worth approximately $33,000. NBC Securities Inc. purchased a new position in Arista Networks in the 3rd quarter worth approximately $33,000. Finally, Atticus Wealth Management LLC raised its holdings in Arista Networks by 3,625.0% in the 4th quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company’s stock worth $35,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 87,418 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $278.81, for a total value of $24,373,012.58. Following the completion of the sale, the chief executive officer now owns 17,681 shares of the company’s stock, valued at approximately $4,929,639.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arista Networks news, SVP Kenneth Duda sold 20,000 shares of Arista Networks stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $284.31, for a total transaction of $5,686,200.00. Following the completion of the sale, the senior vice president now owns 3,244 shares of the company’s stock, valued at approximately $922,301.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jayshree Ullal sold 87,418 shares of Arista Networks stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $278.81, for a total value of $24,373,012.58. Following the sale, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at approximately $4,929,639.61. The disclosure for this sale can be found here. Insiders sold 333,494 shares of company stock valued at $95,632,321 in the last quarter. 18.99% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 0.1 %

Shares of NYSE:ANET opened at $264.57 on Friday. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74. The business’s fifty day simple moving average is $279.09 and its 200-day simple moving average is $246.85. The company has a market capitalization of $82.97 billion, a PE ratio of 40.27, a P/E/G ratio of 2.26 and a beta of 1.09.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.38. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. Research analysts predict that Arista Networks, Inc. will post 6.7 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on ANET shares. KeyCorp upped their price objective on Arista Networks from $232.00 to $287.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Needham & Company LLC reiterated a “buy” rating and set a $320.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. Melius Research upgraded Arista Networks from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, January 8th. Morgan Stanley increased their target price on Arista Networks from $230.00 to $272.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.59.

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.