CrestPoint Capital Management LLC acquired a new position in Arista Networks Inc (NYSE:ANET) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 900 shares of the technology company’s stock, valued at approximately $212,000.

Several other institutional investors have also modified their holdings of ANET. Hermes Investment Management Ltd. bought a new stake in Arista Networks during the third quarter valued at $7,316,000. Sapphire Star Partners LP boosted its position in Arista Networks by 56.9% during the third quarter. Sapphire Star Partners LP now owns 3,452 shares of the technology company’s stock valued at $654,000 after acquiring an additional 1,252 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Arista Networks by 8.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 142,562 shares of the technology company’s stock valued at $27,031,000 after acquiring an additional 10,593 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Arista Networks during the third quarter valued at $2,785,000. Finally, CIBC Asset Management Inc boosted its position in Arista Networks by 28.7% during the third quarter. CIBC Asset Management Inc now owns 2,802 shares of the technology company’s stock valued at $531,000 after acquiring an additional 624 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $235.58, for a total value of $471,160.00. Following the completion of the sale, the senior vice president now directly owns 13,460 shares of the company’s stock, valued at approximately $3,170,906.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andreas Bechtolsheim sold 132,370 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $240.17, for a total transaction of $31,791,302.90. Following the completion of the sale, the insider now directly owns 73,102 shares of the company’s stock, valued at $17,556,907.34. The disclosure for this sale can be found here. Insiders sold a total of 594,126 shares of company stock worth $136,621,964 in the last 90 days. 28.09% of the stock is currently owned by company insiders.

Shares of Arista Networks Inc (NYSE:ANET) opened at $262.81 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.66 and a quick ratio of 3.07. Arista Networks Inc has a fifty-two week low of $87.54 and a fifty-two week high of $264.61. The firm has a market cap of $19,210.00, a PE ratio of 54.52, a P/E/G ratio of 1.93 and a beta of 1.38.

Arista Networks (NYSE:ANET) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.33. Arista Networks had a net margin of 25.10% and a return on equity of 24.76%. analysts expect that Arista Networks Inc will post 4.63 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. UBS Group upped their price target on shares of Arista Networks from $165.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Morgan Stanley upped their price objective on shares of Arista Networks from $210.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 21st. BidaskClub upgraded shares of Arista Networks from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 31st. DA Davidson upgraded shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price objective on the stock in a report on Friday, November 3rd. Finally, Wells Fargo & Co assumed coverage on shares of Arista Networks in a report on Tuesday, November 14th. They set a “market perform” rating and a $235.00 price objective on the stock. Fourteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Arista Networks presently has an average rating of “Buy” and an average price target of $205.66.

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About Arista Networks

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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