Arista Networks Inc (ANET) Shares Sold by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. reduced its position in Arista Networks Inc (NYSE:ANET) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 551,059 shares of the technology company’s stock after selling 53,192 shares during the period. UBS Asset Management Americas Inc. owned about 0.78% of Arista Networks worth $53,327,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in Arista Networks by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 1,257 shares of the technology company’s stock worth $107,000 after buying an additional 5 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Arista Networks by 4.3% in the fourth quarter. First Republic Investment Management Inc. now owns 6,065 shares of the technology company’s stock worth $587,000 after buying an additional 252 shares during the period. BlackRock Inc. increased its stake in shares of Arista Networks by 6.4% in the third quarter. BlackRock Inc. now owns 5,626 shares of the technology company’s stock worth $478,000 after buying an additional 339 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Arista Networks by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 56,743 shares of the technology company’s stock worth $5,491,000 after buying an additional 350 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Arista Networks by 0.4% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 88,709 shares of the technology company’s stock worth $8,584,000 after buying an additional 384 shares during the period. Institutional investors own 54.94% of the company’s stock.

Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

Arista Networks Inc (NYSE:ANET) traded up 0.14% during midday trading on Friday, hitting $136.66. The stock had a trading volume of 421,580 shares. The stock has a 50 day moving average of $129.58 and a 200 day moving average of $103.00. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 54.66 and a beta of 1.15. Arista Networks Inc has a 12 month low of $60.51 and a 12 month high of $137.09.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Thursday, February 16th. The technology company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.22. The company earned $328 million during the quarter, compared to analyst estimates of $315.40 million. Arista Networks had a net margin of 16.15% and a return on equity of 20.69%. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Analysts expect that Arista Networks Inc will post $3.77 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the company. Gabelli restated a “hold” rating on shares of Arista Networks in a research report on Friday, April 14th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Arista Networks in a research report on Thursday, April 6th. Wells Fargo & Co reiterated an “outperform” rating on shares of Arista Networks in a report on Thursday, April 6th. Barclays PLC reiterated an “overweight” rating and issued a $115.00 price target on shares of Arista Networks in a report on Tuesday, December 27th. Finally, Nomura reiterated a “neutral” rating on shares of Arista Networks in a report on Friday, April 7th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $119.68.

In other news, SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $131.65, for a total value of $263,300.00. Following the completion of the transaction, the senior vice president now directly owns 10,650 shares of the company’s stock, valued at approximately $1,402,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anshul Sadana sold 21,000 shares of Arista Networks stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $130.00, for a total transaction of $2,730,000.00. Following the completion of the transaction, the insider now directly owns 103,524 shares of the company’s stock, valued at $13,458,120. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock valued at $3,233,600. 32.39% of the stock is owned by company insiders.

Arista Networks Company Profile

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

5 Day Chart for NYSE:ANET

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