Arista Networks Inc (ANET) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its stake in Arista Networks Inc (NYSE:ANET) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,266 shares of the technology company’s stock after acquiring an additional 573 shares during the period. Epoch Investment Partners Inc.’s holdings in Arista Networks were worth $4,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ANET. Larson Financial Group LLC acquired a new stake in Arista Networks during the fourth quarter valued at approximately $25,000. FTB Advisors Inc. acquired a new stake in Arista Networks during the fourth quarter valued at approximately $26,000. CENTRAL TRUST Co lifted its stake in Arista Networks by 53.3% during the fourth quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock valued at $29,000 after purchasing an additional 49 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in Arista Networks during the fourth quarter valued at approximately $39,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in Arista Networks during the fourth quarter valued at approximately $47,000. 55.65% of the stock is owned by institutional investors.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $210.14, for a total value of $420,280.00. Following the transaction, the senior vice president now owns 16,283 shares in the company, valued at approximately $3,421,709.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 32,394 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $286.58, for a total transaction of $9,283,472.52. Following the completion of the transaction, the chief executive officer now owns 10,425 shares in the company, valued at approximately $2,987,596.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,056 shares of company stock worth $42,863,135. Company insiders own 24.95% of the company’s stock.

Several research firms recently commented on ANET. Morgan Stanley increased their target price on shares of Arista Networks from $265.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Gabelli raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $279.00 target price for the company in a research note on Tuesday, February 19th. JPMorgan Chase & Co. set a $285.00 target price on shares of Arista Networks and gave the company a “hold” rating in a research note on Friday, February 15th. Nomura increased their target price on shares of Arista Networks to $275.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, ValuEngine raised shares of Arista Networks from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $296.24.

Shares of NYSE:ANET opened at $292.61 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.48 and a quick ratio of 4.04. The company has a market capitalization of $22.15 billion, a P/E ratio of 41.39, a PEG ratio of 1.72 and a beta of 1.50. Arista Networks Inc has a 52 week low of $187.08 and a 52 week high of $313.37.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Thursday, February 14th. The technology company reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.45. The firm had revenue of $595.70 million for the quarter, compared to analyst estimates of $591.41 million. Arista Networks had a net margin of 29.47% and a return on equity of 29.37%. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 EPS. On average, research analysts expect that Arista Networks Inc will post 8.24 earnings per share for the current year.

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Arista Networks Profile

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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

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