1,000 Shares in Arista Networks Inc (ANET) Purchased by Price Capital Management Inc.

Price Capital Management Inc. purchased a new stake in Arista Networks Inc (NYSE:ANET) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,000 shares of the technology company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ANET. ProShare Advisors LLC acquired a new position in Arista Networks in the second quarter valued at approximately $233,000. PNC Financial Services Group Inc. boosted its holdings in Arista Networks by 20.5% in the second quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock valued at $111,000 after purchasing an additional 126 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Arista Networks by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 211,624 shares of the technology company’s stock valued at $31,700,000 after purchasing an additional 858 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Arista Networks by 30.2% in the second quarter. Voya Investment Management LLC now owns 20,398 shares of the technology company’s stock valued at $3,055,000 after purchasing an additional 4,726 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Arista Networks in the second quarter valued at approximately $20,802,000. 58.11% of the stock is owned by hedge funds and other institutional investors.

ANET has been the subject of a number of research analyst reports. Citigroup upped their price target on Arista Networks to $250.00 and gave the company a “buy” rating in a report on Friday, December 1st. Needham & Company LLC reissued a “buy” rating and issued a $217.00 price objective (up from $175.00) on shares of Arista Networks in a report on Friday, November 3rd. They noted that the move was a valuation call. KeyCorp reissued an “overweight” rating and issued a $240.00 price objective (up from $213.00) on shares of Arista Networks in a report on Thursday, December 14th. Nomura increased their price objective on Arista Networks from $173.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets increased their price objective on Arista Networks from $190.00 to $205.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Fifteen research analysts have rated the stock with a hold rating, eighteen have assigned 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 price target of $223.31.

Shares of Arista Networks Inc (NYSE ANET) opened at $272.55 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. Arista Networks Inc has a fifty-two week low of $97.27 and a fifty-two week high of $289.07. The firm has a market capitalization of $19,336.58, a price-to-earnings ratio of 56.31, a P/E/G ratio of 2.04 and a beta of 1.47.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $230.09, for a total value of $460,180.00. Following the completion of the transaction, the senior vice president now owns 12,335 shares in the company, valued at $2,838,160.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andreas Bechtolsheim sold 39,680 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 73,102 shares of the company’s stock, valued at approximately $17,684,835.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 458,126 shares of company stock valued at $108,380,024. Corporate insiders own 28.09% of the company’s stock.

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Arista Networks Company Profile

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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