Strategic Advisors LLC Boosts Stock Position in Arista Networks, Inc. (NYSE:ANET)

Strategic Advisors LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 304.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,984 shares of the technology company’s stock after purchasing an additional 8,267 shares during the quarter. Strategic Advisors LLC’s holdings in Arista Networks were worth $1,214,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at approximately $38,000. JFS Wealth Advisors LLC increased its holdings in shares of Arista Networks by 280.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 837 shares of the technology company’s stock valued at $93,000 after acquiring an additional 617 shares during the last quarter. Keystone Financial Services increased its holdings in shares of Arista Networks by 311.1% in the 4th quarter. Keystone Financial Services now owns 2,335 shares of the technology company’s stock valued at $258,000 after acquiring an additional 1,767 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Arista Networks by 297.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,217 shares of the technology company’s stock valued at $356,000 after acquiring an additional 2,407 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Arista Networks by 327.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 21,603 shares of the technology company’s stock valued at $2,388,000 after acquiring an additional 16,546 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of analyst reports. Barclays reduced their price objective on Arista Networks from $495.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Rosenblatt Securities boosted their price objective on Arista Networks from $66.25 to $80.00 and gave the company a “sell” rating in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on Arista Networks from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Piper Sandler restated a “neutral” rating and set a $105.25 price objective (up previously from $86.25) on shares of Arista Networks in a research report on Friday, November 8th. Finally, UBS Group boosted their price objective on Arista Networks from $92.25 to $106.25 and gave the company a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and an average target price of $107.59.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider John F. Mccool sold 6,340 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $98.58, for a total value of $625,013.05. Following the transaction, the insider now owns 288 shares in the company, valued at $28,391.76. The trade was a 95.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $412.65, for a total value of $825,300.00. Following the completion of the transaction, the director now owns 42,946 shares in the company, valued at $17,721,666.90. This trade 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 over the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 2.8 %

NYSE:ANET opened at $106.64 on Monday. The firm has a market capitalization of $134.35 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 3.10 and a beta of 1.09. Arista Networks, Inc. has a 1-year low of $60.08 and a 1-year high of $133.57. The business’s fifty day moving average price is $113.94 and its 200 day moving average price is $101.06.

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.