Arista Networks, Inc. (NYSE:ANET) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 231,364 shares of the technology company’s stock after buying an additional 8,604 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Arista Networks were worth $88,802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Affirmative Financial Network grew its stake in Arista Networks by 4.3% during the third 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 boosted 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 worth $445,000 after purchasing an additional 29 shares during the period. Everpar Advisors LLC increased its holdings in Arista Networks by 1.5% in 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 in the last quarter. HM Payson & Co. lifted its stake in shares of Arista Networks by 28.2% during the third quarter. HM Payson & Co. now owns 132 shares of the technology company’s stock worth $51,000 after purchasing an additional 29 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in shares of Arista Networks by 5.0% in the third quarter. Foundations Investment Advisors LLC now owns 653 shares of the technology company’s stock worth $251,000 after buying an additional 31 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider John F. Mccool sold 2,575 shares of Arista Networks stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $354.38, for a total value of $912,528.50. Following the sale, the insider now directly owns 72 shares in the company, valued at $25,515.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Charles H. Giancarlo sold 2,000 shares of Arista Networks stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $382.52, for a total transaction of $765,040.00. Following the sale, the director now directly owns 46,946 shares in the company, valued at $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 is available through the SEC website. Also, insider John F. Mccool sold 2,575 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $354.38, for a total transaction of $912,528.50. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at $25,515.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,306 shares of company stock valued at $20,029,349. 3.54% of the stock is currently owned by company insiders.

Arista Networks Stock Up 0.2 %

Shares of NYSE ANET opened at $394.88 on Tuesday. The stock has a market capitalization of $124.05 billion, a P/E ratio of 51.22, a P/E/G ratio of 3.40 and a beta of 1.08. The firm’s 50-day moving average price is $377.14 and its two-hundred day moving average price is $340.79. Arista Networks, Inc. has a 52-week low of $203.19 and a 52-week high of $422.73.

Wall Street Analysts Forecast Growth

ANET has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Arista Networks from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Rosenblatt Securities boosted their target price on shares of Arista Networks from $220.00 to $265.00 and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Citigroup raised their price target on shares of Arista Networks from $385.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Arista Networks from $390.00 to $460.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Evercore ISI raised their target price on Arista Networks from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $373.88.

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.