2 weeks Ago By ABMN Staff
Mark Asset Management LP increased its stake in Arista Networks, Inc. ( NYSE:ANET – Free Report ) by 50.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 88,489 shares of the technology company’s stock after purchasing an additional 29,850 shares during the quarter. Arista Networks accounts for 3.1% of Mark Asset Management LP’s portfolio, making the stock its 7th largest position.
Mark Asset Management LP’s holdings in Arista Networks were worth $31,014,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also added to or reduced their stakes in the company. GQG Partners LLC bought a new stake in shares of Arista Networks during the 1st quarter valued at $881,848,000.
Swedbank AB purchased a new position in Arista Networks during the first quarter valued at $521,767,000. Vanguard Group Inc. grew its holdings in Arista Networks by 5.
7% during the fourth quarter. Vanguard Group Inc. now owns 29,494,876 shares of the technology company’s stock valued at $6,946,338,000 after purchasing an additional 1,596,040 shares during the period.
Ameriprise Financial Inc. increased its position in Arista Networks by 97.2% in the second quarter.
Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock worth $628,966,000 after buying an additional 884,703 shares in the last quarter. Finally, 1832 Asset Management L.
P. raised its stake in shares of Arista Networks by 4,160.9% in the second quarter.
1832 Asset Management L.P. now owns 515,700 shares of the technology company’s stock worth $180,743,000 after buying an additional 503,597 shares during the period.
Institutional investors own 82.47% of the company’s stock. Arista Networks Stock Performance Shares of ANET stock opened at $386.
37 on Friday. The stock has a 50 day moving average price of $343.63 and a 200 day moving average price of $318.
91. The firm has a market capitalization of $121.07 billion, a P/E ratio of 53.
81, a P/E/G ratio of 3.04 and a beta of 1.07.
Arista Networks, Inc. has a 52-week low of $168.25 and a 52-week high of $395.
82. Insider Transactions at Arista Networks In other Arista Networks news, Director Charles H. Giancarlo sold 2,000 shares of the stock in a transaction on Monday, July 1st.
The stock was sold at an average price of $352.93, for a total transaction of $705,860.00.
Following the sale, the director now owns 52,946 shares of the company’s stock, valued at approximately $18,686,231.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In other Arista Networks news, Director Charles H. Giancarlo sold 2,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $352.
93, for a total transaction of $705,860.00. Following the completion of the sale, the director now directly owns 52,946 shares of the company’s stock, valued at $18,686,231.
78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, Director Kelly Bodnar Battles sold 216 shares of the stock in a transaction that occurred on Tuesday, August 6th.
The shares were sold at an average price of $324.02, for a total transaction of $69,988.32.
Following the sale, the director now directly owns 2,726 shares of the company’s stock, valued at approximately $883,278.52. The disclosure for this sale can be found here .
In the last quarter, insiders sold 82,361 shares of company stock valued at $29,349,123. Company insiders own 3.54% of the company’s stock.
Wall Street Analyst Weigh In A number of research analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Arista Networks from $220.00 to $265.
00 and gave the company a “sell” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upped their target price on shares of Arista Networks from $340.00 to $390.
00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Citigroup raised their price target on Arista Networks from $330.00 to $385.
00 and gave the company a “buy” rating in a report on Thursday, June 27th. UBS Group upped their price objective on Arista Networks from $285.00 to $369.
00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Finally, The Goldman Sachs Group increased their price objective on shares of Arista Networks from $390.00 to $430.
00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.
25. View Our Latest Report on ANET About Arista Networks ( Free Report ) 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.
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