Arista Networks Inc (ANET) Position Raised by Sigma Planning Corp

Sigma Planning Corp increased its position in shares of Arista Networks Inc (NYSE:ANET) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,062 shares of the technology company’s stock after purchasing an additional 129 shares during the quarter. Sigma Planning Corp’s holdings in Arista Networks were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc lifted its holdings in shares of Arista Networks by 21.1% in the third quarter. Vanguard Group Inc now owns 5,432,205 shares of the technology company’s stock worth $1,444,206,000 after acquiring an additional 946,977 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Arista Networks by 30.2% in the third quarter. BlackRock Inc. now owns 3,653,518 shares of the technology company’s stock worth $971,324,000 after acquiring an additional 847,974 shares during the last quarter. FMR LLC lifted its holdings in shares of Arista Networks by 4.1% in the third quarter. FMR LLC now owns 2,896,554 shares of the technology company’s stock worth $770,078,000 after acquiring an additional 115,383 shares during the last quarter. Capital International Investors bought a new position in shares of Arista Networks in the third quarter worth about $416,263,000. Finally, Jackson Square Partners LLC lifted its holdings in shares of Arista Networks by 24.2% in the third quarter. Jackson Square Partners LLC now owns 1,376,995 shares of the technology company’s stock worth $366,087,000 after acquiring an additional 268,089 shares during the last quarter. 60.35% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Marc Taxay sold 5,000 shares of Arista Networks stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $233.53, for a total value of $1,167,650.00. Following the completion of the sale, the senior vice president now owns 16,964 shares of the company’s stock, valued at approximately $3,961,602.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John F. Mccool sold 567 shares of Arista Networks stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $220.25, for a total transaction of $124,881.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,441 shares of company stock valued at $7,459,121. Insiders own 24.95% of the company’s stock.

Shares of ANET stock opened at $229.18 on Tuesday. The company has a market cap of $17.25 billion, a PE ratio of 49.29, a P/E/G ratio of 1.35 and a beta of 1.40. Arista Networks Inc has a 52 week low of $187.08 and a 52 week high of $313.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.51 and a quick ratio of 4.11.

A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of Arista Networks from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Nomura upgraded shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a report on Friday, January 18th. Morgan Stanley upgraded shares of Arista Networks from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $290.00 to $250.00 in a report on Monday, January 7th. Zacks Investment Research lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Finally, Wolfe Research assumed coverage on shares of Arista Networks in a report on Tuesday, December 11th. They issued an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $291.06.

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About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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

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