Catalina Capital Group LLC Acquires 86 Shares of Arista Networks, Inc. (NYSE:ANET)

Catalina Capital Group LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,016 shares of the technology company’s stock after acquiring an additional 86 shares during the quarter. Catalina Capital Group LLC’s holdings in Arista Networks were worth $390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Affirmative Financial Network raised its position in shares of Arista Networks by 4.3% during the third quarter. First Affirmative Financial Network now owns 682 shares of the technology company’s stock worth $262,000 after acquiring an additional 28 shares during the last quarter. FCG Investment Co increased its position in shares of Arista Networks by 2.3% during the second quarter. FCG Investment Co now owns 1,271 shares of the technology company’s stock worth $445,000 after buying an additional 29 shares during the period. Everpar Advisors LLC raised its stake in Arista Networks by 1.5% during the third quarter. Everpar Advisors LLC now owns 1,907 shares of the technology company’s stock worth $732,000 after buying an additional 29 shares during the last quarter. HM Payson & Co. lifted its holdings in Arista Networks by 28.2% in the third quarter. HM Payson & Co. now owns 132 shares of the technology company’s stock valued at $51,000 after buying an additional 29 shares during the period. Finally, Beacon Financial Advisory LLC boosted its position in Arista Networks by 4.9% during the third quarter. Beacon Financial Advisory LLC now owns 640 shares of the technology company’s stock valued at $246,000 after acquiring an additional 30 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Price Performance

ANET opened at $422.85 on Thursday. The firm’s fifty day moving average price is $379.96 and its two-hundred day moving average price is $342.48. The company has a market capitalization of $132.84 billion, a price-to-earnings ratio of 54.84, a P/E/G ratio of 3.47 and a beta of 1.08. Arista Networks, Inc. has a 1 year low of $203.19 and a 1 year high of $424.01.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 832 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $397.39, for a total value of $330,628.48. Following the transaction, the chief executive officer now owns 17,681 shares in the company, valued at $7,026,252.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jayshree Ullal sold 832 shares of Arista Networks stock in a transaction on Monday, November 4th. The stock was sold at an average price of $397.39, for a total transaction of $330,628.48. Following the sale, the chief executive officer now directly owns 17,681 shares in the company, valued at $7,026,252.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kelly Bodnar Battles sold 372 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $356.74, for a total transaction of $132,707.28. Following the transaction, the director now owns 2,565 shares of the company’s stock, valued at approximately $915,038.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,346 shares of company stock worth $21,614,232. 3.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ANET. KeyCorp boosted their price objective on Arista Networks from $349.00 to $432.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Barclays increased their price target on Arista Networks from $320.00 to $341.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Citigroup lifted their price objective on shares of Arista Networks from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group increased their target price on shares of Arista Networks from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Arista Networks from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.88.

Arista Networks Company Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.