Arista Networks, Inc. $ANET Shares Bought by Kera Capital Partners Inc.

Kera Capital Partners Inc. grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,518 shares of the technology company’s stock after purchasing an additional 4,834 shares during the period. Arista Networks accounts for about 1.6% of Kera Capital Partners Inc.’s investment portfolio, making the stock its 12th largest position. Kera Capital Partners Inc.’s holdings in Arista Networks were worth $10,567,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $202,000. Bison Wealth LLC purchased a new position in shares of Arista Networks in the 4th quarter worth $251,000. Geneos Wealth Management Inc. increased its stake in Arista Networks by 16.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,098 shares of the technology company’s stock worth $163,000 after acquiring an additional 299 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Arista Networks by 2.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Erste Group Bank lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Needham & Company LLC upped their price target on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a research note on Thursday, September 25th. Finally, Morgan Stanley cut their price objective on shares of Arista Networks from $171.00 to $159.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 17th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.44.

Arista Networks Stock Up 5.2%

Shares of ANET stock opened at $129.84 on Wednesday. The stock has a 50 day moving average of $129.27 and a 200-day moving average of $132.52. The firm has a market cap of $163.50 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 2.08 and a beta of 1.41. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. Arista Networks had a return on equity of 30.28% and a net margin of 39.73%.The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm posted $2.40 EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $133.79, for a total transaction of $1,070,320.00. Following the completion of the sale, the director owned 17,784 shares in the company, valued at approximately $2,379,321.36. The trade was a 31.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $123.16, for a total value of $3,202,160.00. Following the transaction, the insider directly owned 532,400 shares of the company’s stock, valued at approximately $65,570,384. This trade represents a 4.66% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 216,464 shares of company stock worth $28,488,988. Insiders own 3.54% of the company’s stock.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.