Fulton Breakefield Broenniman LLC Purchases 40 Shares of Arista Networks, Inc. (NYSE:ANET)

Fulton Breakefield Broenniman LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,255 shares of the technology company’s stock after purchasing an additional 40 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Arista Networks were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Sandy Spring Bank increased its holdings in shares of Arista Networks by 33.6% during the fourth quarter. Sandy Spring Bank now owns 155 shares of the technology company’s stock worth $37,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC increased its stake in Arista Networks by 2.3% during the 4th quarter. Venturi Wealth Management LLC now owns 1,839 shares of the technology company’s stock worth $433,000 after acquiring an additional 41 shares during the period. PDS Planning Inc increased its stake in Arista Networks by 3.1% during the 4th quarter. PDS Planning Inc now owns 1,376 shares of the technology company’s stock worth $324,000 after acquiring an additional 41 shares during the period. Purus Wealth Management LLC raised its holdings in Arista Networks by 0.5% in the 4th quarter. Purus Wealth Management LLC now owns 8,619 shares of the technology company’s stock valued at $2,030,000 after acquiring an additional 43 shares in the last quarter. Finally, Congress Park Capital LLC lifted its position in shares of Arista Networks by 0.6% during the 4th quarter. Congress Park Capital LLC now owns 7,739 shares of the technology company’s stock valued at $1,823,000 after acquiring an additional 43 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ANET has been the topic of a number of research reports. KeyCorp boosted their price objective on Arista Networks from $232.00 to $287.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Rosenblatt Securities reiterated a “sell” rating and issued a $210.00 price objective on shares of Arista Networks in a research report on Friday, April 12th. Wells Fargo & Company boosted their price objective on shares of Arista Networks from $225.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Oppenheimer reaffirmed a “market perform” rating on shares of Arista Networks in a research report on Tuesday, February 13th. Finally, Barclays lifted their target price on shares of Arista Networks from $272.00 to $311.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $275.59.

Arista Networks Trading Down 0.0 %

NYSE ANET opened at $264.70 on Friday. The stock’s fifty day moving average price is $279.09 and its 200-day moving average price is $247.22. The stock has a market cap of $83.01 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.09. Arista Networks, Inc. has a 12 month low of $131.68 and a 12 month high of $307.74.

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

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $286.52, for a total value of $573,040.00. Following the transaction, the director now directly owns 60,946 shares of the company’s stock, valued at approximately $17,462,247.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Arista Networks news, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $286.52, for a total value of $573,040.00. Following the completion of the transaction, the director now owns 60,946 shares of the company’s stock, valued at approximately $17,462,247.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yvonne Wassenaar sold 224 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $255.29, for a total transaction of $57,184.96. Following the sale, the director now directly owns 2,827 shares in the company, valued at approximately $721,704.83. The disclosure for this sale can be found here. Insiders sold 333,494 shares of company stock valued at $95,632,321 over the last 90 days. Corporate insiders own 18.99% of the company’s stock.

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.