Arista Networks, Inc. (NYSE:ANET) Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 300.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,560 shares of the technology company’s stock after acquiring an additional 1,920 shares during the quarter. Capital Advisors Inc. OK’s holdings in Arista Networks were worth $283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Certuity LLC grew its stake in Arista Networks by 273.4% in the 4th quarter. Certuity LLC now owns 32,339 shares of the technology company’s stock valued at $3,577,000 after acquiring an additional 23,678 shares during the last quarter. Community Financial Services Group LLC lifted its holdings in shares of Arista Networks by 303.8% in the fourth quarter. Community Financial Services Group LLC now owns 37,103 shares of the technology company’s stock valued at $4,101,000 after purchasing an additional 27,914 shares in the last quarter. Beacon Financial Group grew its position in shares of Arista Networks by 254.1% in the fourth quarter. Beacon Financial Group now owns 13,461 shares of the technology company’s stock valued at $1,488,000 after purchasing an additional 9,660 shares during the last quarter. Sather Financial Group Inc increased its stake in shares of Arista Networks by 268.7% during the 4th quarter. Sather Financial Group Inc now owns 963,117 shares of the technology company’s stock worth $106,453,000 after purchasing an additional 701,915 shares in the last quarter. Finally, L. Roy Papp & Associates LLP raised its position in shares of Arista Networks by 300.0% during the 4th quarter. L. Roy Papp & Associates LLP now owns 3,200 shares of the technology company’s stock worth $354,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group increased their target price on Arista Networks from $92.25 to $106.25 and gave the company a “neutral” rating in a report on Friday, November 8th. StockNews.com cut Arista Networks from a “buy” rating to a “hold” rating in a research 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 on the stock in a report on Wednesday, December 4th. Piper Sandler reaffirmed a “neutral” rating and set a $105.25 price target (up from $86.25) on shares of Arista Networks in a research note on Friday, November 8th. Finally, Evercore ISI boosted their price objective on shares of Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and a consensus target price of $105.83.

Arista Networks Stock Down 6.2 %

ANET stock opened at $109.61 on Thursday. Arista Networks, Inc. has a 52 week low of $60.08 and a 52 week high of $133.57. The company has a market cap of $138.08 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.10 and a beta of 1.09. The business has a fifty day simple moving average of $113.83 and a 200-day simple moving average of $100.59.

Insider Transactions at Arista Networks

In related news, SVP Kenneth Duda sold 80,000 shares of Arista Networks stock in a transaction on Friday, December 6th. The shares were sold at an average price of $108.29, for a total transaction of $8,663,200.00. Following the transaction, the senior vice president now owns 12,976 shares in the company, valued at approximately $1,405,171.04. The trade was a 86.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $112.02, for a total value of $896,160.00. Following the completion of the sale, the director now owns 155,784 shares of the company’s stock, valued at approximately $17,450,923.68. This represents a 4.88 % 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 worth $37,787,297 in the last three months. 3.54% of the stock is currently owned by company insiders.

Arista Networks Company 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.