Jackson Square Partners LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 4.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 265,024 shares of the technology company’s stock after buying an additional 10,319 shares during the period. Jackson Square Partners LLC owned 0.36% of Arista Networks worth $50,251,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in Arista Networks by 41.1% during the second quarter. BlackRock Inc. now owns 2,376,973 shares of the technology company’s stock worth $356,048,000 after purchasing an additional 692,651 shares in the last quarter. Koch Industries Inc. purchased a new position in Arista Networks during the second quarter worth about $592,000. State Street Corp raised its holdings in Arista Networks by 44.7% during the second quarter. State Street Corp now owns 1,063,294 shares of the technology company’s stock worth $159,278,000 after purchasing an additional 328,534 shares in the last quarter. Vanguard Group Inc. raised its holdings in Arista Networks by 7.1% during the second quarter. Vanguard Group Inc. now owns 3,763,999 shares of the technology company’s stock worth $563,810,000 after purchasing an additional 249,753 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Arista Networks by 88.0% during the third quarter. Bank of New York Mellon Corp now owns 465,641 shares of the technology company’s stock worth $88,290,000 after purchasing an additional 218,014 shares in the last quarter. 58.20% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. Deutsche Bank reissued a “buy” rating and set a $250.00 price target on shares of Arista Networks in a report on Friday, December 1st. Citigroup increased their price target on shares of Arista Networks to $250.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Bank of America increased their price target on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, November 29th. Needham & Company LLC upped their target price on shares of Arista Networks from $217.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Wells Fargo & Company initiated coverage on shares of Arista Networks in a research report on Tuesday, November 14th. They set a “market perform” rating and a $235.00 target price on the stock. Sixteen equities 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 stock has a consensus rating of “Buy” and an average target price of $192.55.

In other news, SVP Marc Taxay sold 2,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.47, for a total value of $380,940.00. Following the sale, the senior vice president now directly owns 13,002 shares in the company, valued at $2,476,490.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 8,687 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $174.94, for a total transaction of $1,519,703.78. Following the completion of the sale, the senior vice president now owns 1,593 shares in the company, valued at $278,679.42. The disclosure for this sale can be found here. Insiders sold 495,012 shares of company stock worth $111,840,635 over the last quarter. Company insiders own 28.09% of the company’s stock.

Shares of Arista Networks, Inc. (NYSE ANET) opened at $219.86 on Friday. The company has a market cap of $15,560.20, a P/E ratio of 51.17, a PEG ratio of 1.93 and a beta of 1.38. Arista Networks, Inc. has a 1 year low of $87.33 and a 1 year high of $245.65. 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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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.

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

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