Arista Networks, Inc. (ANET) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 167.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 371,915 shares of the technology company’s stock after acquiring an additional 233,039 shares during the quarter. Janus Henderson Group PLC owned 0.51% of Arista Networks worth $70,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jackson Square Partners LLC increased its stake in Arista Networks by 4.1% in the 3rd quarter. Jackson Square Partners LLC now owns 265,024 shares of the technology company’s stock worth $50,251,000 after acquiring an additional 10,319 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Arista Networks by 7.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 73,790 shares of the technology company’s stock worth $13,977,000 after acquiring an additional 5,365 shares during the last quarter. AMP Capital Investors Ltd increased its stake in Arista Networks by 122.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 22,351 shares of the technology company’s stock worth $4,238,000 after acquiring an additional 12,300 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Arista Networks by 30.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 382,729 shares of the technology company’s stock worth $72,570,000 after acquiring an additional 88,504 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Arista Networks by 12.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,580 shares of the technology company’s stock worth $1,058,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 58.22% of the company’s stock.

A number of equities analysts have weighed in on the company. KeyCorp restated an “overweight” rating and issued a $240.00 target price (up from $213.00) on shares of Arista Networks in a research note on Thursday. Stifel Nicolaus assumed coverage on Arista Networks in a research note on Thursday. They issued a “buy” rating and a $270.00 target price on the stock. BMO Capital Markets lowered Arista Networks from an “outperform” rating to a “market perform” rating and set a $190.00 target price on the stock. in a research note on Thursday, September 28th. They noted that the move was a valuation call. Berenberg Bank began coverage on Arista Networks in a research note on Tuesday, September 26th. They issued a “buy” rating and a $225.00 target price on the stock. Finally, Citigroup reiterated a “buy” rating and issued a $215.00 price objective on shares of Arista Networks in a report on Wednesday, September 27th. Fourteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $197.55.

In related news, insider Anshul Sadana sold 12,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $189.95, for a total transaction of $2,279,400.00. Following the completion of the sale, the insider now directly owns 86,788 shares in the company, valued at approximately $16,485,380.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marc Taxay sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $190.47, for a total value of $380,940.00. Following the sale, the senior vice president now owns 13,002 shares of the company’s stock, valued at $2,476,490.94. The disclosure for this sale can be found here. Insiders have sold a total of 486,325 shares of company stock valued at $110,320,931 over the last 90 days. 28.09% of the stock is currently owned by company insiders.

Shares of Arista Networks, Inc. (ANET) opened at $231.03 on Friday. The firm has a market capitalization of $16,888.52, a PE ratio of 55.54, a P/E/G ratio of 2.10 and a beta of 1.38. Arista Networks, Inc. has a fifty-two week low of $87.33 and a fifty-two week high of $245.65. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03.

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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.

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

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