Economy

The Kalmar Investments Inc. DE Holds Position in Arista Networks Inc. (ANET)

The Kalmar Investments Inc. DE Holds Position in Arista Networks Inc. (ANET)”

Needham maintained Arista Networks Inc (NYSE:ANET) on Monday, October 31 with "Buy" rating. (NYSE:ANET) by 33.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.

We can gain a lot of insight about how a public company is performing by reviewing the buying and selling activity of insiders, which refers to directors and senior officers of a business or any individual or entity that owns more than a ten percent portion of a company's voting shares. Pushing back over the last quarter, shares are 5.30%. Hermes Investment Management Ltd. acquired a new position in shares of Arista Networks in the 3rd quarter worth approximately $7,316,000.

The total amount of shares of a public company owned by anyone, including those held by institutional investors, the company's officers and its insiders, is referred to as its shares outstanding. Public Employees Retirement System of OH now owns 22,121 shares of the technology company's stock worth $3,314,000 after purchasing an additional 6,823 shares in the last quarter. Renaissance Technologies LLC now owns 194,700 shares of the company's stock worth $12,286,000 after buying an additional 117,000 shares during the last quarter. First United Bank Trust now owns 6,510 shares of the technology company's stock worth $975,000 after purchasing an additional 160 shares during the last quarter.

After a recent technical review, shares of Arista Networks Inc (ANET) have a 200-day moving average of 149.78. (NYSE:ANET) traded up 2.10% during trading on Friday, hitting $83.58. The stock had a trading volume of 366,891 shares. The company has market cap of $13.14 billion. Current price places the company's stock 21.36% away from its 200-day simple moving average, -2.09%, away from the 50-day average and also -5.91% away from 20-day average.

Previously on 9/26/2017, Berenberg Bank reported about Arista Networks (NYSE:ANET) raised the target price from $0.00 to $225.00. The firm earned $268.70 million during the quarter, compared to analysts' expectations of $262.98 million. Arista Networks had a return on equity of 20.45% and a net margin of 15.03%.

Winslow Evans & Crocker Inc. decreased its stake in Arista Networks, Inc. During the same quarter in the previous year, the firm posted $0.74 earnings per share.

Arista Networks stock is in line for an even bigger post-earnings rally, with the shares pointed 11% higher before the open.

ANET has been the topic of a number of analyst reports. Arista Networks has $230 highest and $10 lowest target. DA Davidson upgraded the stock to "Buy" rating in Friday, November 3 report. Zacks Investment Research lowered Arista Networks from a "hold" rating to a "sell" rating in a research report on Tuesday, October 4th. As per Wednesday, August 31, the company rating was maintained by RBC Capital Markets. Citigroup Inc. lifted their price objective on Arista Networks from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, August 4th. It indicates oversold and overbought price levels for a stock. About 1.15M shares traded or 83.80% up from the average. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Other large investors also recently modified their holdings of the company. The shares were sold at an average price of $173.74, for a total transaction of $25,885,348.86. The disclosure for this sale can be found here.

Arista Networks Inc (NYSE:ANET) has risen 111.25% since November 3, 2016 and is uptrending.



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