Symmetry Peak Management buys $1,515,600 stake in Arista Networks Inc (ANET)

Arista Networks Inc (ANET) : Symmetry Peak Management scooped up 7,000 additional shares in Arista Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 20,000 shares of Arista Networks Inc which is valued at $1,515,600.Arista Networks Inc makes up approximately 1.39% of Symmetry Peak Management’s portfolio.

Other Hedge Funds, Including , Boardman Bay Capital Management sold out all of its stake in ANET during the most recent quarter. The investment firm sold 26,212 shares of ANET which is valued $1,986,345.Victory Capital Management Inc boosted its stake in ANET in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 9,782 shares of Arista Networks Inc which is valued at $738,150.California State Teachers Retirement System boosted its stake in ANET in the latest quarter, The investment management firm added 10,831 additional shares and now holds a total of 82,475 shares of Arista Networks Inc which is valued at $5,880,468. Arista Networks Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in ANET in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 1,252 shares of Arista Networks Inc which is valued at $89,230. Candriam Luxembourg S.c.a. sold out all of its stake in ANET during the most recent quarter. The investment firm sold 8,200 shares of ANET which is valued $579,740.

Arista Networks Inc closed down -0.01 points or -0.01% at $79.67 with 6,72,804 shares getting traded on Thursday. Post opening the session at $79.93, the shares hit an intraday low of $79.29 and an intraday high of $80.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Arista Networks Inc reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $268.70 million for the quarter, compared to analysts expectations of $262.90 million. The company’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Arista Networks Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 31, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .Company shares were Reiterated by UBS on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .Arista Networks Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 27, 2016.

Arista Networks Inc. is a supplier of cloud networking solutions that use software to address the needs Internet companies cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS) a set of network applications and its 10/40/100 Gigabit Ethernet switches. The Company offers range of product lines of data center 10/40/100 Gigabit Ethernet switches in the industry which consist of its 7050 Series and 7150 Series top-of-rack switches 72XX/7300 X Series SPLINE switches and its 7280 and 7500 E Series spine switches. EOS supports cloud and virtualization solutions including VMware NSX Microsoft System Center OpenStack and other cloud management frameworks. The Company also offers EOS+ a software platform for network programmability and automation.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Arista Networks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Arista Networks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.