Legal & General Group Plc raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 283.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 203,400 shares of the technology company’s stock after purchasing an additional 150,391 shares during the period. Legal & General Group Plc owned 0.28% of Arista Networks worth $38,567,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ANET. Great West Life Assurance Co. Can lifted its position in shares of Arista Networks by 72.5% in the third quarter. Great West Life Assurance Co. Can now owns 26,848 shares of the technology company’s stock valued at $5,026,000 after acquiring an additional 11,282 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Arista Networks by 16.5% in the third quarter. Oppenheimer & Co. Inc. now owns 2,453 shares of the technology company’s stock valued at $465,000 after acquiring an additional 348 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Arista Networks by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,155 shares of the technology company’s stock valued at $2,115,000 after acquiring an additional 1,240 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Arista Networks in the third quarter valued at about $1,934,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Arista Networks by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 649,475 shares of the technology company’s stock valued at $123,136,000 after acquiring an additional 18,465 shares in the last quarter. 58.20% of the stock is owned by institutional investors and hedge funds.

ANET has been the topic of several research analyst reports. BidaskClub upgraded Arista Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada upgraded Arista Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. JMP Securities boosted their target price on Arista Networks from $185.00 to $230.00 and gave the stock a “market perform” rating in a research report on Thursday, October 26th. KeyCorp reiterated a “buy” rating on shares of Arista Networks in a research report on Friday, November 3rd. Finally, Cowen reiterated a “buy” rating and issued a $200.00 target price on shares of Arista Networks in a research report on Friday, November 3rd. Sixteen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Arista Networks currently has a consensus rating of “Buy” and a consensus target price of $192.55.

In other news, insider Ita M. Brennan sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $229.97, for a total transaction of $804,895.00. Following the transaction, the insider now owns 17,677 shares of the company’s stock, valued at $4,065,179.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.47, for a total value of $380,940.00. Following the transaction, the senior vice president now directly owns 13,002 shares in the company, valued at approximately $2,476,490.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 495,012 shares of company stock worth $111,840,635. Company insiders own 28.09% of the company’s stock.

Shares of Arista Networks, Inc. (NYSE:ANET) opened at $219.86 on Friday. Arista Networks, Inc. has a 52-week low of $87.33 and a 52-week high of $245.65. 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 capitalization of $15,560.20, a P/E ratio of 51.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.38.

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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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