Arista Networks, Inc. (NYSE:ANET) Shares Bought by Sapphire Star Partners LP

Sapphire Star Partners LP lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 56.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,452 shares of the technology company’s stock after acquiring an additional 1,252 shares during the quarter. Sapphire Star Partners LP’s holdings in Arista Networks were worth $654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Research Global Investors lifted its holdings in Arista Networks by 2.8% during the 2nd quarter. Capital Research Global Investors now owns 7,579,814 shares of the technology company’s stock worth $1,135,380,000 after purchasing an additional 209,783 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Arista Networks by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,763,999 shares of the technology company’s stock valued at $563,810,000 after acquiring an additional 249,753 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Arista Networks by 41.1% in the 2nd quarter. BlackRock Inc. now owns 2,376,973 shares of the technology company’s stock valued at $356,048,000 after acquiring an additional 692,651 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Arista Networks by 13,502.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,228,278 shares of the technology company’s stock valued at $8,200,000 after acquiring an additional 1,219,248 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Arista Networks by 44.7% in the 2nd quarter. State Street Corp now owns 1,063,294 shares of the technology company’s stock valued at $159,278,000 after acquiring an additional 328,534 shares in the last quarter. 59.73% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks, Inc. (ANET) opened at $241.83 on Tuesday. The company has a quick ratio of 3.07, a current ratio of 3.66 and a debt-to-equity ratio of 0.03. Arista Networks, Inc. has a one year low of $87.33 and a one year high of $241.95. The firm has a market capitalization of $17,680.00, a price-to-earnings ratio of 56.21, a PEG ratio of 2.16 and a beta of 1.31.

Several equities analysts have recently commented on the company. William Blair upgraded Arista Networks from a “market perform” rating to an “outperform” rating in a research report on Friday, August 4th. Argus reiterated a “buy” rating on shares of Arista Networks in a research report on Monday, August 7th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $180.00 price objective (up from $160.00) on shares of Arista Networks in a research report on Wednesday, August 9th. DA Davidson upgraded Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price objective on the stock in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies assumed coverage on Arista Networks in a research report on Monday, November 13th. They set a “neutral” rating and a $230.00 price target on the stock. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Arista Networks has a consensus rating of “Buy” and an average target price of $187.21.

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In other news, insider Ita M. Brennan sold 3,500 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $176.12, for a total value of $616,420.00. Following the transaction, the insider now directly owns 16,903 shares in the company, valued at $2,976,956.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marc Taxay sold 2,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $176.09, for a total value of $352,180.00. Following the completion of the transaction, the senior vice president now owns 13,002 shares in the company, valued at $2,289,522.18. The disclosure for this sale can be found here. Insiders sold 322,962 shares of company stock valued at $70,153,471 in the last ninety days. 28.09% of the stock is currently owned by corporate insiders.

Arista Networks Profile

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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