Stock analysts at Piper Jaffray Companies started coverage on shares of Arista Networks, Inc. (NYSE:ANET) in a research report issued to clients and investors on Monday. The firm set a “neutral” rating and a $230.00 price target on the technology company’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 1.28% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada raised shares of Arista Networks from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 8th. KeyCorp reaffirmed a “buy” rating on shares of Arista Networks in a report on Friday, November 3rd. UBS AG upped their price objective on shares of Arista Networks from $165.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Cowen and Company reaffirmed a “buy” rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, November 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $220.00 price objective (up from $215.00) on shares of Arista Networks in a report on Friday, November 3rd. Sixteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $184.69.

Shares of Arista Networks (NYSE:ANET) opened at $227.10 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66. The stock has a market cap of $16,458.61, a price-to-earnings ratio of 54.12, a P/E/G ratio of 2.08 and a beta of 1.31. Arista Networks has a 1-year low of $86.00 and a 1-year high of $228.86.

COPYRIGHT VIOLATION NOTICE: “Arista Networks, Inc. (ANET) Now Covered by Piper Jaffray Companies” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/arista-networks-inc-anet-now-covered-by-piper-jaffray-companies/1704076.html.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of the firm’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 sale, the senior vice president now owns 13,002 shares in the company, valued at approximately $2,289,522.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ita M. Brennan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $175.00, for a total transaction of $875,000.00. Following the completion of the sale, the insider now owns 21,079 shares of the company’s stock, valued at approximately $3,688,825. The disclosure for this sale can be found here. Insiders have sold a total of 202,962 shares of company stock valued at $42,475,487 in the last quarter. 28.09% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in shares of Arista Networks by 209.1% in the 1st quarter. Legal & General Group Plc now owns 13,398 shares of the technology company’s stock valued at $1,772,000 after purchasing an additional 9,064 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Arista Networks by 15.1% in the 1st quarter. AQR Capital Management LLC now owns 39,505 shares of the technology company’s stock valued at $5,225,000 after purchasing an additional 5,174 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Arista Networks by 1.4% in the 1st quarter. Credit Suisse AG now owns 62,634 shares of the technology company’s stock valued at $8,285,000 after purchasing an additional 859 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Arista Networks in the 2nd quarter valued at about $333,000. Finally, Mn Services Vermogensbeheer B.V. bought a new position in shares of Arista Networks in the 2nd quarter valued at about $1,123,000. Hedge funds and other institutional investors own 59.21% of the company’s stock.

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.

Analyst Recommendations for Arista Networks (NYSE:ANET)

Receive News & Ratings for Arista Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.