Harvest Capital Strategies LLC bought a new stake in Arista Networks Inc (NYSE:ANET) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,500 shares of the technology company’s stock, valued at approximately $8,834,000. Arista Networks comprises approximately 1.5% of Harvest Capital Strategies LLC’s portfolio, making the stock its 16th largest holding. Harvest Capital Strategies LLC owned 0.05% of Arista Networks at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $29,303,000. Flinton Capital Management LLC raised its stake in shares of Arista Networks by 85.5% in the fourth quarter. Flinton Capital Management LLC now owns 12,704 shares of the technology company’s stock valued at $2,993,000 after acquiring an additional 5,856 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Arista Networks by 85.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 17,468 shares of the technology company’s stock valued at $4,115,000 after acquiring an additional 8,052 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Arista Networks by 14.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,770 shares of the technology company’s stock valued at $2,064,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its stake in shares of Arista Networks by 7.9% in the fourth quarter. Hanseatic Management Services Inc. now owns 5,586 shares of the technology company’s stock valued at $1,316,000 after acquiring an additional 407 shares during the last quarter. Institutional investors own 56.52% of the company’s stock.
In other news, CEO Jayshree Ullal sold 300 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $297.78, for a total value of $89,334.00. Following the completion of the transaction, the chief executive officer now owns 5,900 shares of the company’s stock, valued at approximately $1,756,902. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anshul Sadana sold 7,306 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $298.00, for a total transaction of $2,177,188.00. Following the completion of the transaction, the insider now directly owns 4,053 shares of the company’s stock, valued at approximately $1,207,794. The disclosure for this sale can be found here. Insiders have sold a total of 225,742 shares of company stock valued at $56,033,731 in the last ninety days. Company insiders own 28.09% of the company’s stock.
Shares of Arista Networks Inc (ANET) opened at $289.68 on Wednesday. The company has a current ratio of 4.28, a quick ratio of 3.70 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a fifty-two week low of $126.27 and a fifty-two week high of $311.67. The company has a market cap of $21,970.54, a price-to-earnings ratio of 54.25, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46.
Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 15th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.32. Arista Networks had a net margin of 25.71% and a return on equity of 25.86%. The firm had revenue of $467.90 million during the quarter, compared to analyst estimates of $463.82 million. During the same quarter in the previous year, the business earned $1.04 EPS. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. equities analysts forecast that Arista Networks Inc will post 6.01 earnings per share for the current fiscal year.
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Arista Networks Company Profile
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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