Tokio Marine Asset Management Co. Ltd. Has $1.59 Million Holdings in Arista Networks, Inc. (NYSE:ANET)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,762 shares of the technology company’s stock after buying an additional 487 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Arista Networks were worth $1,593,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ANET. Flagship Harbor Advisors LLC bought a new position in shares of Arista Networks during the 3rd quarter valued at about $204,000. DAVENPORT & Co LLC lifted its holdings in shares of Arista Networks by 6.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 6,179 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 354 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Arista Networks by 74.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 14,070 shares of the technology company’s stock valued at $2,588,000 after purchasing an additional 6,014 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Arista Networks by 6.5% during the 3rd quarter. Caprock Group LLC now owns 5,238 shares of the technology company’s stock valued at $963,000 after purchasing an additional 320 shares in the last quarter. Finally, Clarity Financial LLC bought a new stake in Arista Networks in the 3rd quarter valued at approximately $261,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 980 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $268.29, for a total transaction of $262,924.20. Following the sale, the chief executive officer now directly owns 73,051 shares in the company, valued at approximately $19,598,852.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Jayshree Ullal sold 980 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $268.29, for a total transaction of $262,924.20. Following the sale, the chief executive officer now directly owns 73,051 shares in the company, valued at approximately $19,598,852.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $286.52, for a total value of $573,040.00. Following the sale, the director now owns 60,946 shares in the company, valued at $17,462,247.92. The disclosure for this sale can be found here. Insiders have sold a total of 333,494 shares of company stock worth $95,632,321 over the last ninety days. 18.99% of the stock is currently owned by company insiders.

Arista Networks Trading Up 4.9 %

Shares of NYSE:ANET traded up $12.51 during mid-day trading on Thursday, hitting $267.28. 1,996,197 shares of the company traded hands, compared to its average volume of 2,461,217. The stock has a market cap of $83.56 billion, a P/E ratio of 38.78, a P/E/G ratio of 2.15 and a beta of 1.09. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74. The stock has a 50-day moving average price of $279.08 and a two-hundred day moving average price of $246.25.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.38. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. Arista Networks’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. As a group, analysts expect that Arista Networks, Inc. will post 6.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their target price on Arista Networks from $225.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group boosted their target price on Arista Networks from $313.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Melius upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. boosted their target price on Arista Networks from $297.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Evercore ISI reiterated an “outperform” rating and set a $300.00 price objective on shares of Arista Networks in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $275.59.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.