4,425 Shares in Arista Networks, Inc. $ANET Acquired by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,425 shares of the technology company’s stock, valued at approximately $645,000.

A number of other institutional investors also recently made changes to their positions in ANET. Kingsman Wealth Management Inc. purchased a new stake in Arista Networks during the 3rd quarter worth about $231,000. Sivia Capital Partners LLC lifted its holdings in Arista Networks by 13.5% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,171 shares of the technology company’s stock valued at $1,773,000 after purchasing an additional 1,448 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Arista Networks by 12.8% during the 3rd quarter. Diversified Trust Co now owns 21,030 shares of the technology company’s stock worth $3,064,000 after purchasing an additional 2,379 shares during the last quarter. LVW Advisors LLC grew its holdings in shares of Arista Networks by 11.8% during the third quarter. LVW Advisors LLC now owns 3,913 shares of the technology company’s stock worth $570,000 after buying an additional 412 shares in the last quarter. Finally, Kieckhefer Group LLC raised its position in shares of Arista Networks by 10.0% in the third quarter. Kieckhefer Group LLC now owns 2,200 shares of the technology company’s stock valued at $321,000 after buying an additional 200 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of recent analyst reports. Piper Sandler reissued a “neutral” rating and set a $145.00 price target (up previously from $143.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Wolfe Research increased their target price on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. The Goldman Sachs Group lifted their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.

Insider Buying and Selling

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the transaction, the director owned 33,784 shares in the company, valued at $5,308,142.08. The trade was a 19.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 24,042 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total value of $2,994,431.10. Following the completion of the sale, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at $1,235,162.35. The trade was a 70.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 208,464 shares of company stock valued at $27,418,668. 3.54% of the stock is owned by company insiders.

Arista Networks Stock Performance

ANET opened at $132.42 on Wednesday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94. The firm has a 50 day moving average price of $134.49 and a 200 day moving average price of $129.99. The company has a market cap of $166.75 billion, a PE ratio of 50.35, a price-to-earnings-growth ratio of 2.57 and a beta of 1.41.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 39.73% and a return on equity of 30.28%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. Arista Networks’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, sell-side analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks 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.