Wipfli Financial Advisors LLC Acquires Shares of 1,106 Arista Networks, Inc. (NYSE:ANET)

Wipfli Financial Advisors LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANETGet Rating) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,106 shares of the technology company’s stock, valued at approximately $125,000.

Other large investors have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC increased its stake in Arista Networks by 73.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $30,000 after buying an additional 116 shares during the period. MV Capital Management Inc. increased its stake in shares of Arista Networks by 172.7% during the 3rd quarter. MV Capital Management Inc. now owns 270 shares of the technology company’s stock worth $30,000 after purchasing an additional 171 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Arista Networks during the 1st quarter worth $32,000. Clear Street Markets LLC increased its stake in shares of Arista Networks by 415.2% during the 2nd quarter. Clear Street Markets LLC now owns 474 shares of the technology company’s stock worth $44,000 after purchasing an additional 382 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Arista Networks during the 2nd quarter worth $58,000. Institutional investors and hedge funds own 64.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANET. Bank of America upgraded shares of Arista Networks from an “underperform” rating to a “buy” rating and increased their price target for the stock from $105.00 to $150.00 in a research note on Tuesday, November 1st. Morgan Stanley increased their price target on shares of Arista Networks from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, November 7th. UBS Group upped their price objective on shares of Arista Networks to $135.00 in a report on Friday, November 4th. KeyCorp decreased their price objective on shares of Arista Networks from $170.00 to $161.00 and set an “overweight” rating for the company in a report on Tuesday, November 1st. Finally, Citigroup upped their price objective on shares of Arista Networks from $170.00 to $190.00 in a report on Friday, November 4th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.26.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $114.87 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $143.57. The firm has a fifty day moving average price of $127.18 and a two-hundred day moving average price of $118.18. The company has a market cap of $35.10 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30.

Arista Networks (NYSE:ANETGet Rating) last released its quarterly earnings data on Monday, October 31st. The technology company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.22. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.06 billion. Arista Networks had a net margin of 29.63% and a return on equity of 27.23%. The firm’s revenue for the quarter was up 57.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. Analysts expect that Arista Networks, Inc. will post 3.81 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In other news, SVP Marc Taxay sold 1,040 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $120.38, for a total transaction of $125,195.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arista Networks news, insider John F. Mccool sold 996 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $122.91, for a total value of $122,418.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marc Taxay sold 1,040 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $120.38, for a total transaction of $125,195.20. The disclosure for this sale can be found here. In the last three months, insiders sold 71,171 shares of company stock valued at $9,319,643. Company insiders own 19.59% of the company’s stock.

Arista Networks Profile

(Get Rating)

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.

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

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