Aptus Capital Advisors LLC Invests $267,000 in Arista Networks, Inc. (NYSE:ANET)

Aptus Capital Advisors LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANETFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,450 shares of the technology company’s stock, valued at approximately $267,000.

A number of other hedge funds have also bought and sold shares of ANET. Cambridge Trust Co. grew its position in shares of Arista Networks by 70.1% during the 3rd quarter. Cambridge Trust Co. now owns 50,255 shares of the technology company’s stock worth $9,243,000 after purchasing an additional 20,704 shares in the last quarter. Rheos Capital Works Inc. grew its position in Arista Networks by 28.6% during the third quarter. Rheos Capital Works Inc. now owns 67,500 shares of the technology company’s stock worth $12,415,000 after buying an additional 15,000 shares in the last quarter. Inspire Investing LLC increased its stake in Arista Networks by 450.9% during the 3rd quarter. Inspire Investing LLC now owns 33,646 shares of the technology company’s stock worth $6,189,000 after acquiring an additional 27,539 shares during the period. Impax Asset Management Group plc raised its holdings in Arista Networks by 36.7% in the 2nd quarter. Impax Asset Management Group plc now owns 6,680 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 1,795 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Arista Networks by 18.2% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,926 shares of the technology company’s stock valued at $960,000 after acquiring an additional 912 shares in the last quarter. 67.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, insider John F. Mccool sold 2,831 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $215.56, for a total value of $610,250.36. Following the sale, the insider now owns 144 shares in the company, valued at approximately $31,040.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Arista Networks news, insider John F. Mccool sold 420 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $266.08, for a total value of $111,753.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John F. Mccool sold 2,831 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $215.56, for a total value of $610,250.36. Following the completion of the sale, the insider now owns 144 shares in the company, valued at approximately $31,040.64. The disclosure for this sale can be found here. Insiders sold a total of 187,534 shares of company stock valued at $43,800,343 in the last 90 days. Corporate insiders own 18.99% of the company’s stock.

Arista Networks Stock Up 2.4 %

Shares of ANET opened at $282.45 on Monday. Arista Networks, Inc. has a 12-month low of $130.08 and a 12-month high of $284.82. The business has a 50-day simple moving average of $246.02 and a two-hundred day simple moving average of $211.15. The stock has a market cap of $87.87 billion, a PE ratio of 47.08, a PEG ratio of 2.18 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ANET shares. JMP Securities lifted their price objective on Arista Networks from $215.00 to $325.00 and gave the company a “market outperform” rating in a report on Monday, February 5th. Morgan Stanley lifted their price objective on Arista Networks from $230.00 to $272.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. KeyCorp lifted their price objective on Arista Networks from $232.00 to $287.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. Needham & Company LLC lifted their price objective on Arista Networks from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $240.83.

Check Out Our Latest Report on Arista Networks

Arista Networks Profile

(Free Report)

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.

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

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