Park Capital Management LLC WI Has $1.32 Million Stock Position in Arista Networks, Inc. $ANET

Park Capital Management LLC WI boosted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 82.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,083 shares of the technology company’s stock after buying an additional 4,098 shares during the quarter. Arista Networks makes up about 1.1% of Park Capital Management LLC WI’s portfolio, making the stock its 15th largest position. Park Capital Management LLC WI’s holdings in Arista Networks were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ANET. Bare Financial Services Inc raised its stake in shares of Arista Networks by 2,118.2% during the second 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 last quarter. AdvisorNet Financial Inc boosted its stake in 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 acquiring an additional 72 shares during the last quarter. Saudi Central Bank acquired a new stake in Arista Networks during the 1st quarter worth $33,000. REAP Financial Group LLC raised its position in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the last quarter. Finally, eCIO Inc. bought a new stake in shares of Arista Networks during the 1st quarter valued at $36,000. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arista Networks in a research note on Monday. Morgan Stanley reduced their target price on Arista Networks from $171.00 to $159.00 and set an “overweight” rating on the stock in a report on Wednesday, December 17th. UBS Group restated a “buy” rating and set a $155.00 target price on shares of Arista Networks in a research report on Wednesday, December 3rd. Needham & Company LLC upped their price target on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Finally, Barclays reissued an “overweight” rating and set a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and a consensus price target of $163.56.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 24,042 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $124.55, for a total value of $2,994,431.10. Following the completion of the transaction, the chief executive officer owned 9,917 shares in the company, valued at $1,235,162.35. This represents a 70.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,852,324. This represents a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 216,464 shares of company stock valued at $28,598,588. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $131.13 on Friday. The company has a market capitalization of $165.12 billion, a P/E ratio of 49.86, a price-to-earnings-growth ratio of 2.50 and a beta of 1.41. The business has a 50-day moving average of $135.23 and a two-hundred day moving average of $128.70. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share 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 business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the business posted $2.40 EPS. Arista Networks’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.