Arista Networks, Inc. (ANET) Shares Bought by Advisor Group Inc.
Advisor Group Inc. grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,195 shares of the technology company’s stock after purchasing an additional 429 shares during the period. Advisor Group Inc.’s holdings in Arista Networks were worth $2,692,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ANET. Legal & General Group Plc grew its holdings in shares of Arista Networks by 209.1% in the first quarter. Legal & General Group Plc now owns 13,398 shares of the technology company’s stock worth $1,772,000 after acquiring an additional 9,064 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Arista Networks in the second quarter worth $333,000. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Arista Networks in the second quarter worth $1,123,000. LS Investment Advisors LLC bought a new stake in shares of Arista Networks in the second quarter worth $119,000. Finally, Aperio Group LLC bought a new stake in shares of Arista Networks in the second quarter worth $378,000. 59.21% of the stock is owned by institutional investors and hedge funds.
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Shares of Arista Networks, Inc. (NYSE:ANET) opened at $224.90 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. Arista Networks, Inc. has a 52 week low of $86.64 and a 52 week high of $228.86. The firm has a market capitalization of $16,601.16, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.31.
Several brokerages recently commented on ANET. William Blair raised Arista Networks from a “market perform” rating to an “outperform” rating in a report on Friday, August 4th. Needham & Company LLC lifted their price objective on Arista Networks from $217.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday. Argus reaffirmed a “buy” rating on shares of Arista Networks in a report on Monday, August 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $180.00 price target (up previously from $160.00) on shares of Arista Networks in a report on Wednesday, August 9th. Finally, DA Davidson raised 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. Sixteen analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Arista Networks has an average rating of “Buy” and a consensus target price of $187.21.
In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of the business’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 $2,289,522.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ita M. Brennan sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $176.12, for a total value of $616,420.00. Following the sale, the insider now directly owns 16,903 shares in the company, valued at $2,976,956.36. The disclosure for this sale can be found here. Insiders have sold 275,405 shares of company stock worth $58,844,707 over the last three months. 28.09% of the stock is currently owned by insiders.
Arista Networks 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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