Arista Networks, Inc. (NYSE:ANET) Shares Acquired by BSW Wealth Partners

BSW Wealth Partners raised its position in Arista Networks, Inc. (NYSE:ANET) by 38.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,081 shares of the technology company’s stock after acquiring an additional 300 shares during the quarter. BSW Wealth Partners’ holdings in Arista Networks were worth $415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Arista Networks by 9.6% in the 3rd quarter. Van ECK Associates Corp now owns 67,995 shares of the technology company’s stock valued at $26,793,000 after acquiring an additional 5,941 shares during the last quarter. Latitude Advisors LLC boosted its holdings in Arista Networks by 6.5% in the third quarter. Latitude Advisors LLC now owns 950 shares of the technology company’s stock valued at $364,000 after purchasing an additional 58 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Arista Networks by 8.7% in the third quarter. Janney Montgomery Scott LLC now owns 46,090 shares of the technology company’s stock valued at $17,690,000 after purchasing an additional 3,706 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Arista Networks during the third quarter worth approximately $69,000. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Arista Networks by 5.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,639 shares of the technology company’s stock worth $1,040,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity

In other Arista Networks news, Director Kelly Bodnar Battles sold 216 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $324.02, for a total transaction of $69,988.32. Following the transaction, the director now directly owns 2,726 shares in the company, valued at approximately $883,278.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Arista Networks news, SVP Marc Taxay sold 4,497 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $336.32, for a total value of $1,512,431.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kelly Bodnar Battles sold 216 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $324.02, for a total transaction of $69,988.32. Following the transaction, the director now directly owns 2,726 shares of the company’s stock, valued at approximately $883,278.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,522 shares of company stock worth $20,099,338 in the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $375.00 target price on shares of Arista Networks in a research report on Wednesday, July 31st. Citigroup lifted their price target on Arista Networks from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler raised their target price on shares of Arista Networks from $302.00 to $345.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Finally, Rosenblatt Securities upped their price target on shares of Arista Networks from $220.00 to $265.00 and gave the company a “sell” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $373.88.

Arista Networks Stock Performance

Arista Networks stock opened at $394.17 on Monday. The company has a market cap of $123.83 billion, a P/E ratio of 51.12, a price-to-earnings-growth ratio of 3.40 and a beta of 1.08. Arista Networks, Inc. has a one year low of $203.19 and a one year high of $422.73. The business has a fifty day moving average of $376.13 and a two-hundred day moving average of $339.82.

About Arista Networks

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.