Sather Financial Group Inc Has $106.45 Million Stake in Arista Networks, Inc. (NYSE:ANET)

Sather Financial Group Inc lifted its stake in Arista Networks, Inc. (NYSE:ANET) by 268.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 963,117 shares of the technology company’s stock after buying an additional 701,915 shares during the quarter. Arista Networks comprises 6.7% of Sather Financial Group Inc’s portfolio, making the stock its 3rd biggest holding. Sather Financial Group Inc owned 0.08% of Arista Networks worth $106,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC boosted its holdings in Arista Networks by 186.0% in the 3rd quarter. ORG Partners LLC now owns 143 shares of the technology company’s stock worth $55,000 after buying an additional 93 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Arista Networks by 10.0% in the third quarter. Wesbanco Bank Inc. now owns 1,102 shares of the technology company’s stock worth $423,000 after acquiring an additional 100 shares during the period. Creative Planning grew its position in shares of Arista Networks by 13.1% during the third quarter. Creative Planning now owns 109,174 shares of the technology company’s stock worth $41,903,000 after purchasing an additional 12,612 shares in the last quarter. von Borstel & Associates Inc. purchased a new stake in shares of Arista Networks during the third quarter worth about $282,000. Finally, Hutchens & Kramer Investment Management Group LLC bought a new stake in Arista Networks during the 3rd quarter valued at approximately $208,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on shares of Arista Networks from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday, January 17th. UBS Group increased their price objective on shares of Arista Networks from $92.25 to $106.25 and gave the company a “neutral” rating in a report on Friday, November 8th. Evercore ISI boosted their target price on Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, StockNews.com cut Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.83.

Insider Activity at Arista Networks

In other news, SVP Kenneth Duda sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $108.29, for a total value of $8,663,200.00. Following the completion of the sale, the senior vice president now owns 12,976 shares of the company’s stock, valued at approximately $1,405,171.04. This represents a 86.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John F. Mccool sold 288 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $108.70, for a total transaction of $31,305.60. The disclosure for this sale can be found here. Insiders sold 335,832 shares of company stock worth $37,787,297 in the last 90 days. 3.54% of the stock is owned by corporate insiders.

Arista Networks Stock Down 2.8 %

ANET stock opened at $116.82 on Wednesday. The firm has a market cap of $147.16 billion, a price-to-earnings ratio of 56.16, a PEG ratio of 3.10 and a beta of 1.09. Arista Networks, Inc. has a twelve month low of $60.08 and a twelve month high of $133.57. The business’s fifty day simple moving average is $113.57 and its two-hundred day simple moving average is $100.33.

About Arista Networks

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.