Economy

Arista Networks (NYSE:ANET) on Focus After Report of Less Shorts

Harbour Capital Advisors LLC now owns 1,228,278 shares of the technology company's stock valued at $8,200,000 after buying an additional 1,219,248 shares during the last quarter. The stock increased 0.62% or $1.07 during the last trading session, reaching $174.89.

About 135,946 shares traded. The company saw a fall in short interest of -14.95% as of the latest report on August 15, 2017. Arista Networks, has a 1 year low of $78.82 and a 1 year high of $179.71. The Edgepoint Investment Group Inc holds 186,034 shares with $18.00 million value, down from 1.23 million last quarter. In the latest earnings report the EPS was $3.88 and is expected to be $4.69 for the current year with 72,529,000 shares presently outstanding.

The P/E ratio is 44.86 and the market cap is 12.61B. The technology business posted $1.10 Earnings per share for the period, exceeding wall street forecast of $0.95 by $0.15. It has outperformed by 94.55% the S&P500.

More news for Arista Networks Inc (NYSE:ANET) were recently published by: Law360.com, which released: "Cisco's IP Defense In Antitrust Suit 'Insane, ' Arista Says" on September 07, 2017. Oppenheimer maintained Arista Networks Inc (NYSE:ANET) on Friday, July 21 with "Buy" rating. Finally, Zacks Investment Research cut Arista Networks from a "buy" rating to a "hold" rating in a report on Tuesday, January 3rd. Therefore 52% are positive. Stifel Nicolaus reiterated a "hold" recommendation and given a $165.00 price objective (up from $145.00) on stocks of Arista Networks in a study note published on Wed, Aug 9th. The stock of Arista Networks Inc (NYSE:ANET) has "Neutral" rating given on Monday, March 27 by Goldman Sachs.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, August 3rd. (NYSE:DG) on Friday, August 26 with "Outperform" rating. The rating was maintained by Needham with "Buy" on Friday, April 7. Credit Suisse has "Neutral" rating and $47 target. Also, insider Ita M. Brennan sold 3,500 shares of Arista Networks stock in a transaction dated Friday, September 1st. The firm has "Neutral" rating by JP Morgan given on Friday, May 13. Corporate insiders own 28.09% of the company's stock. The shares were sold at an average price of $149.09, for a total transaction of $1,503,274.47. Satterthwaite Tony sold $604,139 worth of Cummins Inc. As of quarter end Cantab Capital Partners Llp had sold 4,050 shares trimming its holdings by 67.4%. (NYSE:TXT) or 33,200 shares.

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.01, from 1.07 in 2016Q3. It dropped, as 77 investors sold eBay Inc shares while 258 reduced holdings. 92 funds opened positions while 242 raised stakes. 458.63 million shares or 3.28% less from 474.16 million shares in 2016Q3 were reported. De Burlo holds 0.07% of its portfolio in Cummins Inc. Cincinnati Company has invested 2.96% in Cummins Inc. (NYSE:TXT). Nomura Asset Mngmt has 0.03% invested in Textron Inc. SG Americas Securities LLC acquired a new position in Arista Networks in the 1st quarter valued at $164,000. Clark Capital Gp accumulated 115,861 shares. Us Fincl Bank De reported 52,663 shares or 0.01% of all its holdings. Capital One National Association invested in 0.02% or 7,216 shares. Chemical Bancshares reported 22,764 shares stake. 2,991 were accumulated by Advisor Ltd Llc. Ibm Retirement Fund reported 0.05% stake. (NYSE:CMI). Aqr Limited Liability Co accumulated 2.28 million shares. Fiduciary Com invested in 0.07% or 76,570 shares. (NYSE:TXT). The Connecticut-based Conning Inc has invested 0.01% in Textron Inc. St Germain D J Inc accumulated 121,760 shares. Therefore 48% are positive. $141.40's average target is -18.45% below currents $173.38 stock price. Southwestern Energy Company had 85 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, August 4, the company rating was maintained by RBC Capital Markets. The stock of Cummins Inc. Barclays PLC upped their price objective on Arista Networks from $161.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, June 15th. The stock has "Buy" rating by Wells Fargo on Friday, July 21. William Blair downgraded Cummins Inc. Robert W. Baird downgraded Cummins Inc. The firm has "Buy" rating by DA Davidson given on Monday, August 14. The firm has "Hold" rating given on Thursday, April 13 by Stifel Nicolaus. More interesting news about Cummins Inc. Seekingalpha.com's article titled: "Textron: Undervalued Despite Solid Financials" and published on September 11, 2017 is yet another important article.



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