Epoch Investment Partners Inc. Has $212.79 Million Stock Holdings in Arista Networks, Inc. (NYSE:ANET)

Epoch Investment Partners Inc. lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 11.9% during the second quarter, HoldingsChannel.com reports. The firm owned 607,131 shares of the technology company’s stock after selling 82,394 shares during the period. Arista Networks makes up about 1.0% of Epoch Investment Partners Inc.’s holdings, making the stock its 16th biggest holding. Epoch Investment Partners Inc.’s holdings in Arista Networks were worth $212,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Beacon Capital Management LLC grew its holdings in Arista Networks by 500.0% during the second quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock valued at $27,000 after purchasing an additional 65 shares during the period. LGT Financial Advisors LLC bought a new position in shares of Arista Networks during the second quarter worth $27,000. Benjamin Edwards Inc. acquired a new position in shares of Arista Networks in the 1st quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in shares of Arista Networks in the 2nd quarter valued at $33,000. Finally, Sugarloaf Wealth Management LLC acquired a new stake in Arista Networks during the 2nd quarter worth $35,000. 82.47% of the stock is currently owned by institutional investors.

Insider Transactions at Arista Networks

In related news, Director Kelly Bodnar Battles sold 372 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $356.74, for a total transaction of $132,707.28. Following the completion of the sale, the director now owns 2,565 shares of the company’s stock, valued at $915,038.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Arista Networks news, Director Kelly Bodnar Battles sold 372 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $356.74, for a total transaction of $132,707.28. Following the completion of the sale, the director now directly owns 2,565 shares in the company, valued at $915,038.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $352.93, for a total value of $705,860.00. Following the transaction, the director now directly owns 52,946 shares of the company’s stock, valued at approximately $18,686,231.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,361 shares of company stock valued at $38,024,123. 3.54% of the stock is owned by corporate insiders.

Arista Networks Stock Up 1.4 %

Arista Networks stock opened at $384.46 on Friday. The stock has a market cap of $120.48 billion, a P/E ratio of 53.55, a P/E/G ratio of 2.70 and a beta of 1.07. The company’s 50-day moving average price is $341.55 and its two-hundred day moving average price is $316.71. Arista Networks, Inc. has a twelve month low of $168.25 and a twelve month high of $385.50.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.38. Arista Networks had a net margin of 39.01% and a return on equity of 30.50%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts anticipate that Arista Networks, Inc. will post 7.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ANET. Rosenblatt Securities boosted their target price on Arista Networks from $220.00 to $265.00 and gave the company a “sell” rating in a research note on Wednesday, July 31st. KeyCorp increased their target price on Arista Networks from $349.00 to $432.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Morgan Stanley lifted their price target on shares of Arista Networks from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, UBS Group boosted their price objective on shares of Arista Networks from $285.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $358.63.

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.