Decatur Capital Management Inc. lowered its holdings in Arista Networks Inc (NYSE:ANET) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,050 shares of the technology company’s stock after selling 8,325 shares during the period. Arista Networks makes up 2.5% of Decatur Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Decatur Capital Management Inc.’s holdings in Arista Networks were worth $12,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hermes Investment Management Ltd. purchased a new stake in shares of Arista Networks during the third quarter worth $7,316,000. Sapphire Star Partners LP raised its holdings in shares of Arista Networks by 56.9% during the third quarter. Sapphire Star Partners LP now owns 3,452 shares of the technology company’s stock worth $654,000 after acquiring an additional 1,252 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Arista Networks by 8.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 142,562 shares of the technology company’s stock worth $27,031,000 after acquiring an additional 10,593 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Arista Networks during the third quarter worth $2,785,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Arista Networks by 28.7% during the third quarter. CIBC Asset Management Inc now owns 2,802 shares of the technology company’s stock worth $531,000 after acquiring an additional 624 shares in the last quarter. Institutional investors own 58.11% of the company’s stock.

In related news, insider Anshul Sadana sold 24,000 shares of Arista Networks stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $256.25, for a total transaction of $6,150,000.00. Following the sale, the insider now directly owns 80,972 shares of the company’s stock, valued at $20,749,075. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Andreas Bechtolsheim sold 39,680 shares of Arista Networks stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $241.92, for a total value of $9,599,385.60. Following the sale, the insider now directly owns 73,102 shares in the company, valued at $17,684,835.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 458,126 shares of company stock worth $108,380,024. 28.09% of the stock is currently owned by company insiders.

Several brokerages recently issued reports on ANET. Zacks Investment Research lowered Arista Networks from a “buy” rating to a “hold” rating in a report on Wednesday. Goldman Sachs Group assumed coverage on shares of Arista Networks in a research report on Wednesday. They set a “buy” rating and a $320.00 target price on the stock. Loop Capital assumed coverage on shares of Arista Networks in a research report on Monday, January 29th. They set a “hold” rating and a $250.00 target price on the stock. JMP Securities increased their target price on shares of Arista Networks from $230.00 to $315.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Finally, Citigroup increased their target price on shares of Arista Networks from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Fifteen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Arista Networks currently has a consensus rating of “Buy” and an average target price of $223.31.

Shares of Arista Networks Inc (NYSE:ANET) opened at $267.00 on Friday. The stock has a market capitalization of $20,586.60, a PE ratio of 54.65, a PEG ratio of 2.17 and a beta of 1.47. Arista Networks Inc has a 1 year low of $97.27 and a 1 year high of $289.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.66 and a quick ratio of 3.07.

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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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Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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