Capital International Ltd. CA Has $10.89 Million Holdings in Arista Networks, Inc. (NYSE:ANET)

Capital International Ltd. CA lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 147.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 98,511 shares of the technology company’s stock after purchasing an additional 58,645 shares during the period. Capital International Ltd. CA’s holdings in Arista Networks were worth $10,888,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Arista Networks by 304.2% during the fourth quarter. Vanguard Group Inc. now owns 96,084,951 shares of the technology company’s stock worth $10,620,270,000 after buying an additional 72,311,318 shares during the last quarter. FMR LLC grew its holdings in shares of Arista Networks by 330.9% during the fourth quarter. FMR LLC now owns 57,648,129 shares of the technology company’s stock valued at $6,371,848,000 after buying an additional 44,269,572 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Arista Networks by 311.6% during the fourth quarter. Geode Capital Management LLC now owns 24,165,355 shares of the technology company’s stock worth $2,665,829,000 after acquiring an additional 18,293,874 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Arista Networks by 218.5% in the 4th quarter. Alliancebernstein L.P. now owns 21,070,016 shares of the technology company’s stock worth $2,328,869,000 after acquiring an additional 14,454,822 shares during the last quarter. Finally, Norges Bank bought a new position in Arista Networks in the 4th quarter valued at about $1,397,833,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Trading Down 1.1 %

NYSE:ANET opened at $71.11 on Friday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $133.58. The firm’s 50 day moving average is $85.15 and its 200 day moving average is $99.44. The stock has a market capitalization of $89.67 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. Research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 138,351 shares of Arista Networks stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $93.88, for a total value of $12,988,391.88. Following the completion of the transaction, the chief executive officer now directly owns 92,641 shares in the company, valued at approximately $8,697,137.08. The trade was a 59.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.55, for a total value of $620,400.00. Following the completion of the transaction, the director now directly owns 139,784 shares of the company’s stock, valued at $10,840,249.20. The trade was a 5.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 411,031 shares of company stock valued at $39,364,943 over the last three months. 3.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Arista Networks from $140.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday. Evercore ISI decreased their price target on Arista Networks from $130.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays restated an “overweight” rating on shares of Arista Networks in a research note on Monday, March 3rd. Rosenblatt Securities reiterated a “sell” rating and issued a $80.00 target price on shares of Arista Networks in a report on Tuesday, February 18th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Arista Networks in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $106.07.

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.