G&S Capital LLC Buys New Stake in Arista Networks, Inc. (NYSE:ANET)

G&S Capital LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,136 shares of the technology company’s stock, valued at approximately $347,000.

Other large investors have also recently added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. acquired a new stake in Arista Networks during the 4th quarter valued at $242,000. Silver Oak Securities Incorporated boosted its position in Arista Networks by 395.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock valued at $2,072,000 after buying an additional 14,843 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Arista Networks by 475.5% during the fourth quarter. CENTRAL TRUST Co now owns 4,184 shares of the technology company’s stock valued at $462,000 after acquiring an additional 3,457 shares in the last quarter. Triasima Portfolio Management inc. increased its position in shares of Arista Networks by 371.3% during the fourth quarter. Triasima Portfolio Management inc. now owns 78,487 shares of the technology company’s stock worth $8,675,000 after acquiring an additional 61,833 shares during the last quarter. Finally, GW Henssler & Associates Ltd. increased its position in shares of Arista Networks by 3.6% during the third quarter. GW Henssler & Associates Ltd. now owns 63,244 shares of the technology company’s stock worth $24,274,000 after acquiring an additional 2,219 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ANET. Barclays lowered their price objective on Arista Networks from $495.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Rosenblatt Securities raised their price target on shares of Arista Networks from $66.25 to $80.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. StockNews.com lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Evercore ISI increased their price objective on shares of Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Finally, Morgan Stanley raised their price objective on shares of Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and a consensus target price of $105.83.

Arista Networks Stock Down 6.2 %

Shares of NYSE ANET opened at $109.61 on Thursday. The firm’s 50-day moving average price is $113.91 and its two-hundred day moving average price is $100.65. Arista Networks, Inc. has a 52-week low of $60.08 and a 52-week high of $133.57. The stock has a market capitalization of $138.08 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.10 and a beta of 1.09.

Insider Transactions at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 80,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $108.29, for a total transaction of $8,663,200.00. Following the transaction, the senior vice president now owns 12,976 shares of the company’s stock, valued at approximately $1,405,171.04. This trade represents a 86.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $412.65, for a total transaction of $825,300.00. Following the completion of the sale, the director now directly owns 42,946 shares of the company’s stock, valued at approximately $17,721,666.90. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 335,832 shares of company stock worth $37,787,297. 3.54% of the stock is currently owned by company insiders.

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.