Dynasty Wealth Management LLC Invests $970,000 in Arista Networks, Inc. $ANET

Dynasty Wealth Management LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,658 shares of the technology company’s stock, valued at approximately $970,000.

A number of other large investors have also recently bought and sold shares of ANET. Brighton Jones LLC lifted its position in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC acquired a new stake in Arista Networks in the 4th quarter worth approximately $251,000. Sivia Capital Partners LLC boosted its position in Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 3,496 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Arista Networks during the second quarter worth approximately $212,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Performance

Shares of ANET opened at $127.51 on Wednesday. The company has a 50-day simple moving average of $128.50 and a 200-day simple moving average of $133.48. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94. The firm has a market capitalization of $160.57 billion, a P/E ratio of 48.48, a P/E/G ratio of 2.18 and a beta of 1.41.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (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 for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company posted $2.40 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ANET. Piper Sandler upgraded shares of Arista Networks from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $145.00 to $159.00 in a research note on Monday, January 5th. Morgan Stanley dropped their target price on shares of Arista Networks from $171.00 to $159.00 and set an “overweight” rating on the stock in a report on Wednesday, December 17th. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a report on Thursday, September 25th. Rosenblatt Securities reiterated a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a research note on Monday, November 24th. Finally, BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and a consensus target price of $164.44.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks 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 sale, the director owned 17,784 shares in the company, valued at $2,379,321.36. The trade was a 31.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jayshree Ullal sold 24,042 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $124.55, for a total transaction of $2,994,431.10. Following the completion of the sale, the chief executive officer directly owned 9,917 shares in the company, valued at $1,235,162.35. This trade represents a 70.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 160,464 shares of company stock valued at $20,494,988. Company insiders own 3.54% of the company’s stock.

Arista Networks Company Profile

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.