Stephens Inc. AR Raises Holdings in Arista Networks, Inc. (NYSE:ANET)

Stephens Inc. AR lifted its stake in Arista Networks, Inc. (NYSE:ANET) by 318.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,503 shares of the technology company’s stock after purchasing an additional 8,752 shares during the quarter. Stephens Inc. AR’s holdings in Arista Networks were worth $1,271,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ANET. Stock Yards Bank & Trust Co. purchased a new position in shares of Arista Networks in the fourth quarter worth $242,000. Silver Oak Securities Incorporated increased its position in shares of Arista Networks by 395.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock valued at $2,072,000 after acquiring an additional 14,843 shares during the period. CENTRAL TRUST Co raised its stake in Arista Networks by 475.5% in the 4th quarter. CENTRAL TRUST Co now owns 4,184 shares of the technology company’s stock worth $462,000 after acquiring an additional 3,457 shares during the last quarter. Triasima Portfolio Management inc. lifted its position in Arista Networks by 371.3% during the 4th quarter. Triasima Portfolio Management inc. now owns 78,487 shares of the technology company’s stock worth $8,675,000 after acquiring an additional 61,833 shares during the period. Finally, GW Henssler & Associates Ltd. grew its stake in Arista Networks by 3.6% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 63,244 shares of the technology company’s stock valued at $24,274,000 after purchasing an additional 2,219 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $109.61 on Thursday. The business’s 50 day moving average price is $113.83 and its 200-day moving average price is $100.59. Arista Networks, Inc. has a 1 year low of $60.08 and a 1 year high of $133.57. The firm has a market capitalization of $138.08 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09.

Analyst Upgrades and Downgrades

ANET has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Arista Networks from $97.50 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. StockNews.com downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Barclays reduced their target price on shares of Arista Networks from $495.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Finally, Evercore ISI upped their price target on shares of Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.83.

Insider Buying and Selling at Arista Networks

In other news, SVP Kenneth Duda sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $108.29, for a total value of $8,663,200.00. Following the transaction, the senior vice president now owns 12,976 shares in the company, valued at $1,405,171.04. This trade represents a 86.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jayshree Ullal sold 71,036 shares of Arista Networks stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $100.06, for a total value of $7,107,506.98. Following the completion of the sale, the chief executive officer now directly owns 70,724 shares in the company, valued at $7,076,289.82. This represents a 50.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 335,832 shares of company stock valued at $37,787,297 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Arista Networks 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.