Fieldpoint Private Securities LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 684 shares of the technology company’s stock, valued at approximately $130,000.

Several other large investors have also bought and sold shares of ANET. BlackRock Inc. increased its position in Arista Networks by 41.1% during the second quarter. BlackRock Inc. now owns 2,376,973 shares of the technology company’s stock worth $356,048,000 after purchasing an additional 692,651 shares during the last quarter. Koch Industries Inc. acquired a new stake in Arista Networks during the second quarter worth about $592,000. State Street Corp increased its position in Arista Networks by 44.7% during the second quarter. State Street Corp now owns 1,063,294 shares of the technology company’s stock worth $159,278,000 after purchasing an additional 328,534 shares during the last quarter. Vanguard Group Inc. increased its position in Arista Networks by 7.1% during the second quarter. Vanguard Group Inc. now owns 3,763,999 shares of the technology company’s stock worth $563,810,000 after purchasing an additional 249,753 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Arista Networks by 167.8% during the third quarter. Janus Henderson Group PLC now owns 371,915 shares of the technology company’s stock worth $70,519,000 after purchasing an additional 233,039 shares during the last quarter. 58.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Arista Networks, Inc. (ANET) opened at $231.03 on Friday. Arista Networks, Inc. has a 12-month low of $87.33 and a 12-month high of $245.65. The firm has a market cap of $16,573.38, a PE ratio of 54.50, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66.

Several equities research analysts recently issued reports on ANET shares. Citigroup restated a “buy” rating and set a $215.00 price objective on shares of Arista Networks in a research report on Wednesday, September 27th. Berenberg Bank started coverage on shares of Arista Networks in a research report on Tuesday, September 26th. They set a “buy” rating and a $225.00 price objective for the company. BidaskClub upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. KeyCorp restated a “buy” rating and set a $176.00 price objective on shares of Arista Networks in a research report on Tuesday, September 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $175.00 price objective on shares of Arista Networks in a research report on Tuesday, September 12th. Fourteen research 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $197.55.

In related news, insider Andreas Bechtolsheim sold 132,370 shares of Arista Networks stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $240.17, for a total value of $31,791,302.90. Following the completion of the transaction, the insider now owns 73,102 shares in the company, valued at $17,556,907.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anshul Sadana sold 12,000 shares of Arista Networks stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $189.95, for a total transaction of $2,279,400.00. Following the completion of the transaction, the insider now owns 86,788 shares of the company’s stock, valued at approximately $16,485,380.60. The disclosure for this sale can be found here. Insiders sold 486,325 shares of company stock valued at $110,320,931 in the last 90 days. Company insiders own 28.09% of the company’s stock.

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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.

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

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