Arista Networks Inc (ANET) Shares Bought by Amalgamated Bank
Amalgamated Bank grew its holdings in Arista Networks Inc (NYSE:ANET) by 5.8% during the 4th quarter, HoldingsChannel reports. The fund owned 10,594 shares of the technology company’s stock after acquiring an additional 582 shares during the period. Amalgamated Bank’s holdings in Arista Networks were worth $2,496,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in ANET. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Arista Networks by 164.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 484 shares of the technology company’s stock worth $114,000 after purchasing an additional 301 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Arista Networks in the third quarter worth about $130,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Arista Networks in the third quarter worth about $151,000. TRUE Private Wealth Advisors bought a new stake in shares of Arista Networks in the fourth quarter worth about $210,000. Finally, CrestPoint Capital Management LLC bought a new stake in shares of Arista Networks in the fourth quarter worth about $212,000. Institutional investors and hedge funds own 57.18% of the company’s stock.
Arista Networks Inc (ANET) opened at $271.50 on Monday. Arista Networks Inc has a 12-month low of $117.95 and a 12-month high of $311.67. The stock has a market capitalization of $19,850.00, a P/E ratio of 45.48, a price-to-earnings-growth ratio of 1.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.70 and a current ratio of 4.28.
ANET has been the topic of several research reports. Citigroup lifted their target price on Arista Networks to $250.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Arista Networks from a “hold” rating to a “buy” rating and set a $267.00 target price on the stock in a report on Thursday, February 22nd. KeyCorp reaffirmed an “overweight” rating and issued a $240.00 target price (up from $213.00) on shares of Arista Networks in a report on Thursday, December 14th. JMP Securities lifted their target price on Arista Networks from $230.00 to $315.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Finally, Nomura lifted their target price on Arista Networks from $185.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Fourteen equities research 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 company. The company has a consensus rating of “Buy” and a consensus price target of $246.20.
In other Arista Networks news, SVP Kenneth Duda sold 127,576 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $235.15, for a total transaction of $29,999,496.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 433 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $245.37, for a total value of $106,245.21. Following the transaction, the director now owns 5,833 shares of the company’s stock, valued at approximately $1,431,243.21. The disclosure for this sale can be found here. Insiders have sold 192,453 shares of company stock valued at $46,536,023 in the last 90 days. Company insiders own 28.09% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/arista-networks-inc-anet-shares-bought-by-amalgamated-bank/1908348.html.
Arista Networks Company 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.
Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks Inc (NYSE:ANET).
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.