Arista Networks, Inc. (NYSE:ANET) Shares Sold by F M Investments LLC

F M Investments LLC decreased its holdings in Arista Networks, Inc. (NYSE:ANET) by 35.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 900 shares of the technology company’s stock after selling 505 shares during the quarter. F M Investments LLC’s holdings in Arista Networks were worth $342,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Affirmative Financial Network boosted its stake in Arista Networks by 4.3% during the 3rd quarter. First Affirmative Financial Network now owns 682 shares of the technology company’s stock valued at $262,000 after purchasing an additional 28 shares in the last quarter. FCG Investment Co boosted its stake in Arista Networks by 2.3% during the second quarter. FCG Investment Co now owns 1,271 shares of the technology company’s stock valued at $445,000 after buying an additional 29 shares in the last quarter. Everpar Advisors LLC raised its position in Arista Networks by 1.5% in the third quarter. Everpar Advisors LLC now owns 1,907 shares of the technology company’s stock worth $732,000 after acquiring an additional 29 shares in the last quarter. HM Payson & Co. lifted its holdings in Arista Networks by 28.2% in the 3rd quarter. HM Payson & Co. now owns 132 shares of the technology company’s stock valued at $51,000 after acquiring an additional 29 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in shares of Arista Networks by 5.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 653 shares of the technology company’s stock worth $251,000 after purchasing an additional 31 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Transactions at Arista Networks

In related news, SVP Marc Taxay sold 4,497 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $336.32, for a total value of $1,512,431.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Marc Taxay sold 4,497 shares of Arista Networks stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $336.32, for a total value of $1,512,431.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kenneth Duda sold 20,000 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $394.69, for a total transaction of $7,893,800.00. Following the transaction, the senior vice president now directly owns 3,244 shares in the company, valued at $1,280,374.36. The trade was 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 valued at $20,099,338 in the last three months. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Trading Up 2.0 %

ANET opened at $394.17 on Monday. The stock has a fifty day moving average price of $376.13 and a 200 day moving average price of $339.82. Arista Networks, Inc. has a 1 year low of $203.19 and a 1 year high of $422.73. The stock has a market cap of $123.83 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 3.40 and a beta of 1.08.

Analysts Set New Price Targets

A number of analysts recently weighed in on ANET shares. Rosenblatt Securities raised their target price on shares of Arista Networks from $220.00 to $265.00 and gave the stock a “sell” rating in a report on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on Arista Networks from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Citigroup boosted their target price on Arista Networks from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Evercore ISI increased their price target on Arista Networks from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Finally, KeyCorp boosted their price objective on Arista Networks from $349.00 to $432.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.88.

Arista Networks Company 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.