Arista Networks, Inc. (ANET) Holdings Increased by Aperio Group LLC
Aperio Group LLC raised its holdings in Arista Networks, Inc. (NYSE:ANET) by 37.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,479 shares of the technology company’s stock after buying an additional 956 shares during the quarter. Aperio Group LLC’s holdings in Arista Networks were worth $660,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of ANET. NN Investment Partners Holdings N.V. purchased a new stake in Arista Networks in the 2nd quarter valued at about $333,000. Mn Services Vermogensbeheer B.V. purchased a new stake in Arista Networks in the 2nd quarter valued at about $1,123,000. LS Investment Advisors LLC purchased a new stake in Arista Networks in the 2nd quarter valued at about $119,000. Cue Financial Group Inc. purchased a new stake in Arista Networks in the 2nd quarter valued at about $233,000. Finally, Parametrica Management Ltd purchased a new stake in Arista Networks in the 2nd quarter valued at about $229,000. Institutional investors own 59.73% of the company’s stock.
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Shares of Arista Networks, Inc. (ANET) opened at $239.01 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66. The stock has a market capitalization of $17,648.69, a P/E ratio of 58.04, a P/E/G ratio of 2.23 and a beta of 1.31. Arista Networks, Inc. has a 52-week low of $87.33 and a 52-week high of $245.65.
In related news, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $176.09, for a total transaction of $352,180.00. Following the sale, the senior vice president now directly owns 13,002 shares of the company’s stock, valued at approximately $2,289,522.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anshul Sadana sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $189.95, for a total value of $2,279,400.00. Following the sale, the insider now directly owns 86,788 shares in the company, valued at $16,485,380.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 322,962 shares of company stock worth $70,153,471. Corporate insiders own 28.09% of the company’s stock.
Several analysts have commented on the company. William Blair upgraded Arista Networks from a “market perform” rating to an “outperform” rating in a report on Friday, August 4th. Argus restated a “buy” rating on shares of Arista Networks in a report on Monday, August 7th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $180.00 price target (up previously from $160.00) on shares of Arista Networks in a report on Wednesday, August 9th. DA Davidson upgraded Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price target for the company in a report on Friday, November 3rd. Finally, Instinet lifted their price target on Arista Networks from $135.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Sixteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $187.21.
About Arista Networks
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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