Dynamic Advisor Solutions LLC Sells 5,287 Shares of Arista Networks, Inc. $ANET

Dynamic Advisor Solutions LLC lowered its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,082 shares of the technology company’s stock after selling 5,287 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Arista Networks were worth $2,631,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ANET. Bare Financial Services Inc raised its holdings in Arista Networks by 2,118.2% during the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after buying an additional 233 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks in the fourth quarter valued at approximately $26,000. AdvisorNet Financial Inc boosted its holdings in shares of Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock valued at $29,000 after buying an additional 72 shares during the period. Knuff & Co LLC bought a new stake in shares of Arista Networks during the third quarter worth $29,000. Finally, Richardson Financial Services Inc. increased its position in shares of Arista Networks by 141.3% during the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock worth $32,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling

In related news, Director Kelly Bodnar Battles sold 422 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $128.06, for a total transaction of $54,041.32. Following the sale, the director owned 9,529 shares in the company, valued at approximately $1,220,283.74. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 1,395 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $134.34, for a total value of $187,404.30. Following the transaction, the director directly owned 11,179 shares of the company’s stock, valued at $1,501,786.86. This trade represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 199,632 shares of company stock worth $26,936,324 in the last three months. Insiders own 3.54% of the company’s stock.

Arista Networks Trading Down 3.6%

Arista Networks stock opened at $130.93 on Wednesday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94. The company has a fifty day simple moving average of $135.63 and a 200 day simple moving average of $137.15. The company has a market cap of $164.51 billion, a P/E ratio of 47.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.46.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, equities research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arista Networks in a research report on Monday, December 29th. UBS Group set a $200.00 target price on Arista Networks in a report on Tuesday, February 24th. Piper Sandler reissued an “overweight” rating and issued a $175.00 price target (up from $159.00) on shares of Arista Networks in a research note on Friday, February 13th. KeyCorp restated an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Finally, Barclays reaffirmed an “overweight” rating and set a $184.00 price objective (up from $183.00) on shares of Arista Networks in a research report on Friday, February 13th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.47.

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.