HMS Capital Management LLC Has $472,000 Position in Arista Networks, Inc. (NYSE:ANET)

HMS Capital Management LLC grew its position in Arista Networks, Inc. (NYSE:ANET) by 289.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,272 shares of the technology company’s stock after purchasing an additional 3,175 shares during the quarter. HMS Capital Management LLC’s holdings in Arista Networks were worth $472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANET. Ingalls & Snyder LLC grew its holdings in shares of Arista Networks by 301.7% during the 4th quarter. Ingalls & Snyder LLC now owns 11,248 shares of the technology company’s stock valued at $1,243,000 after purchasing an additional 8,448 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Arista Networks by 303.1% during the 4th quarter. Van ECK Associates Corp now owns 274,088 shares of the technology company’s stock valued at $30,295,000 after purchasing an additional 206,093 shares during the last quarter. Values First Advisors Inc. bought a new stake in shares of Arista Networks during the 4th quarter valued at approximately $202,000. Retirement Guys Formula LLC grew its holdings in shares of Arista Networks by 299.0% during the 4th quarter. Retirement Guys Formula LLC now owns 16,312 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 12,224 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Arista Networks by 322.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,323,157 shares of the technology company’s stock valued at $259,557,000 after purchasing an additional 1,773,777 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of research reports. UBS Group boosted their target price on shares of Arista Networks from $92.25 to $106.25 and gave the stock a “neutral” rating in a report on Friday, November 8th. StockNews.com lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of Arista Networks from $97.50 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler reissued a “neutral” rating and set a $105.25 target price (up from $86.25) on shares of Arista Networks in a report on Friday, November 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Arista Networks from $120.00 to $135.00 and gave the stock a “buy” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and an average price target of $105.83.

Arista Networks Stock Down 6.2 %

Arista Networks stock opened at $109.61 on Thursday. Arista Networks, Inc. has a 12-month low of $60.08 and a 12-month high of $133.57. The firm’s fifty day moving average is $113.83 and its 200 day moving average is $100.59. The company has a market capitalization of $138.08 billion, a PE ratio of 52.70, a PEG ratio of 3.10 and a beta of 1.09.

Insider Activity at Arista Networks

In other news, SVP Kenneth Duda sold 80,000 shares of the stock in a transaction dated 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 in the company, valued at $1,405,171.04. This represents a 86.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 2,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $412.65, for a total transaction of $825,300.00. Following the completion of the sale, the director now owns 42,946 shares of the company’s stock, valued at approximately $17,721,666.90. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 335,832 shares of company stock worth $37,787,297 in the last quarter. Company 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.