Bank OZK Boosts Position in Arista Networks, Inc. (NYSE:ANET)

Bank OZK increased its stake in Arista Networks, Inc. (NYSE:ANET) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,671 shares of the technology company’s stock after buying an additional 179 shares during the period. Bank OZK’s holdings in Arista Networks were worth $1,807,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new position in Arista Networks during the 3rd quarter worth about $28,000. First Command Advisory Services Inc. bought a new stake in shares of Arista Networks in the 3rd quarter valued at about $29,000. BluePath Capital Management LLC bought a new stake in shares of Arista Networks in the 3rd quarter valued at about $33,000. NBC Securities Inc. bought a new stake in shares of Arista Networks in the 3rd quarter valued at about $33,000. Finally, Atticus Wealth Management LLC boosted its holdings in shares of Arista Networks by 3,625.0% in the 4th quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company’s stock valued at $35,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, Director Yvonne Wassenaar sold 224 shares of Arista Networks stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $255.29, for a total value of $57,184.96. Following the sale, the director now owns 2,827 shares of the company’s stock, valued at approximately $721,704.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arista Networks news, SVP Kenneth Duda sold 20,000 shares of Arista Networks stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $290.05, for a total transaction of $5,801,000.00. Following the sale, the senior vice president now owns 3,244 shares of the company’s stock, valued at approximately $940,922.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Yvonne Wassenaar sold 224 shares of Arista Networks stock in a transaction on Wednesday, February 21st. The stock was 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. In the last quarter, insiders have sold 333,494 shares of company stock valued at $95,632,321. 18.99% of the stock is owned by company insiders.

Arista Networks Stock Down 0.0 %

Shares of NYSE:ANET traded down $0.06 during trading on Friday, hitting $264.70. 2,521,905 shares of the stock traded hands, compared to its average volume of 2,317,526. The company has a market cap of $83.01 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 2.26 and a beta of 1.09. The company has a fifty day moving average price of $279.09 and a two-hundred day moving average price of $246.85. Arista Networks, Inc. has a 52-week low of $131.68 and a 52-week high of $307.74.

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

Analyst Ratings Changes

ANET has been the subject of several research analyst reports. Melius Research raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, January 8th. Morgan Stanley increased their price objective on shares of Arista Networks from $230.00 to $272.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $320.00 price objective on shares of Arista Networks in a research report on Tuesday, February 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Arista Networks in a research report on Tuesday, February 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of Arista Networks in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $275.59.

Arista Networks 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.