Nomura Holdings Inc. raised its position in shares of Arista Networks Inc (NYSE:ANET) by 25.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,797 shares of the technology company’s stock after purchasing an additional 1,175 shares during the period. Nomura Holdings Inc.’s holdings in Arista Networks were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp raised its position in Arista Networks by 21.4% during the 2nd quarter. Cibc World Markets Corp now owns 15,376 shares of the technology company’s stock valued at $3,992,000 after purchasing an additional 2,710 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of Arista Networks by 53.2% in the 2nd quarter. Cetera Advisor Networks LLC now owns 1,998 shares of the technology company’s stock worth $521,000 after acquiring an additional 694 shares in the last quarter. Lucia Wealth Services LLC bought a new position in shares of Arista Networks in the 3rd quarter worth $670,000. Riggs Asset Managment Co. Inc. bought a new position in shares of Arista Networks in the 3rd quarter worth $911,000. Finally, National Pension Service raised its position in shares of Arista Networks by 5.5% in the 3rd quarter. National Pension Service now owns 75,963 shares of the technology company’s stock worth $18,149,000 after acquiring an additional 3,964 shares in the last quarter. 59.72% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ANET opened at $192.92 on Friday. The business’s 50-day moving average is $200.82 and its 200 day moving average is $234.53. Arista Networks Inc has a 1 year low of $173.31 and a 1 year high of $331.27. The firm has a market capitalization of $14.61 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.91 and a quick ratio of 5.47.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, October 31st. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.19 by $0.50. Arista Networks had a return on equity of 28.94% and a net margin of 32.68%. The company had revenue of $654.40 million for the quarter, compared to analyst estimates of $653.26 million. During the same period in the prior year, the company posted $2.11 EPS. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, analysts expect that Arista Networks Inc will post 8.55 EPS for the current year.

Several research analysts have recently commented on the company. Wells Fargo & Co reissued a “market perform” rating and issued a $205.00 price target (down from $270.00) on shares of Arista Networks in a research report on Friday, November 1st. Rosenblatt Securities reduced their price target on Arista Networks from $260.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. New Street Research assumed coverage on Arista Networks in a research report on Wednesday, November 27th. They issued a “buy” rating and a $250.00 price target for the company. Bank of America lowered Arista Networks from a “buy” rating to a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley reduced their price target on Arista Networks from $275.00 to $195.00 and set a “weight” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $227.72.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $181.52, for a total transaction of $363,040.00. Following the sale, the senior vice president now owns 11,396 shares in the company, valued at approximately $2,068,601.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 10,876 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $226.89, for a total value of $2,467,655.64. Following the sale, the senior vice president now owns 2,979 shares in the company, valued at approximately $675,905.31. The disclosure for this sale can be found here. Insiders have sold a total of 41,955 shares of company stock worth $8,509,978 over the last ninety days. 23.83% of the stock is currently owned by corporate insiders.

About Arista Networks

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of 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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