Arista Networks, Inc. (NYSE:ANET) Holdings Increased by Jackson Square Capital LLC

Jackson Square Capital LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,450 shares of the technology company’s stock after buying an additional 738 shares during the quarter. Arista Networks makes up about 2.6% of Jackson Square Capital LLC’s holdings, making the stock its 9th biggest holding. Jackson Square Capital LLC’s holdings in Arista Networks were worth $10,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Affirmative Financial Network grew its position in shares of Arista Networks by 4.3% in the 3rd quarter. First Affirmative Financial Network now owns 682 shares of the technology company’s stock worth $262,000 after buying an additional 28 shares during the period. FCG Investment Co grew its position in Arista Networks by 2.3% during the 2nd quarter. FCG Investment Co now owns 1,271 shares of the technology company’s stock valued at $445,000 after purchasing an additional 29 shares during the last quarter. Everpar Advisors LLC grew its position in Arista Networks by 1.5% during the 3rd quarter. Everpar Advisors LLC now owns 1,907 shares of the technology company’s stock valued at $732,000 after purchasing an additional 29 shares during the last quarter. HM Payson & Co. grew its position in Arista Networks by 28.2% during the 3rd quarter. HM Payson & Co. now owns 132 shares of the technology company’s stock valued at $51,000 after purchasing an additional 29 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its position in Arista Networks by 4.9% during the 3rd quarter. Beacon Financial Advisory LLC now owns 640 shares of the technology company’s stock valued at $246,000 after purchasing an additional 30 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $382.52, for a total value of $765,040.00. Following the completion of the sale, the director now directly owns 46,946 shares in the company, valued at $17,957,783.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $382.52, for a total transaction of $765,040.00. Following the completion of the sale, the director now directly owns 46,946 shares of the company’s stock, valued at approximately $17,957,783.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jayshree Ullal sold 832 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $397.39, for a total transaction of $330,628.48. Following the sale, the chief executive officer now directly owns 17,681 shares of the company’s stock, valued at $7,026,252.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,346 shares of company stock worth $21,614,232 over the last three months. 3.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on ANET shares. Evercore ISI increased their price objective on shares of Arista Networks from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Rosenblatt Securities increased their price objective on shares of Arista Networks from $220.00 to $265.00 and gave the stock a “sell” rating in a research note on Wednesday, July 31st. UBS Group increased their price objective on shares of Arista Networks from $285.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Jefferies Financial Group increased their price objective on shares of Arista Networks from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup increased their price objective on shares of Arista Networks from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $373.88.

Arista Networks Stock Up 4.4 %

Shares of ANET opened at $422.85 on Thursday. The company has a market cap of $132.84 billion, a PE ratio of 54.84, a P/E/G ratio of 3.47 and a beta of 1.08. The business has a fifty day moving average of $379.96 and a 200 day moving average of $342.48. Arista Networks, Inc. has a 52-week low of $203.19 and a 52-week high of $424.01.

Arista Networks Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.