Arista Networks, Inc. $ANET Shares Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 35.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,188 shares of the technology company’s stock after purchasing an additional 12,410 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Arista Networks were worth $6,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $202,000. Bison Wealth LLC purchased a new position in Arista Networks in the 4th quarter worth about $251,000. Sivia Capital Partners LLC raised its holdings in Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after buying an additional 3,496 shares during the period. Finally, IFP Advisors Inc lifted its stake in Arista Networks by 42.9% during the second quarter. IFP Advisors Inc now owns 7,075 shares of the technology company’s stock valued at $724,000 after buying an additional 2,124 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Price Performance

Shares of ANET stock opened at $143.71 on Wednesday. The firm has a market cap of $180.97 billion, a P/E ratio of 54.64, a PEG ratio of 2.39 and a beta of 1.42. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The stock’s 50-day moving average is $132.39 and its two-hundred day moving average is $136.68.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ANET shares. UBS Group reissued a “buy” rating and issued a $155.00 target price on shares of Arista Networks in a research report on Wednesday, December 3rd. Erste Group Bank cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Rosenblatt Securities boosted their target price on shares of Arista Networks from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays reaffirmed an “overweight” rating and issued a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Finally, Piper Sandler raised Arista Networks from a “neutral” rating to an “overweight” rating and upped their price target for the company from $145.00 to $159.00 in a research report on Monday, January 5th. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $166.00.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $128.43, for a total value of $3,339,180.00. Following the completion of the sale, the insider directly owned 522,400 shares of the company’s stock, valued at $67,091,832. The trade was a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $117.15, for a total transaction of $49,437.30. Following the transaction, the director owned 8,980 shares in the company, valued at $1,052,007. This represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 216,464 shares of company stock valued at $27,553,548 over the last three months. 3.54% of the stock is owned by insiders.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.