Values First Advisors Inc. Buys Shares of 1,825 Arista Networks, Inc. (NYSE:ANET)

Values First Advisors Inc. purchased a new stake in Arista Networks, Inc. (NYSE:ANET) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,825 shares of the technology company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANET. ORG Partners LLC increased its stake in Arista Networks by 186.0% during the third quarter. ORG Partners LLC now owns 143 shares of the technology company’s stock worth $55,000 after acquiring an additional 93 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Arista Networks by 10.0% during the 3rd quarter. Wesbanco Bank Inc. now owns 1,102 shares of the technology company’s stock worth $423,000 after purchasing an additional 100 shares during the last quarter. Creative Planning raised its holdings in Arista Networks by 13.1% in the 3rd quarter. Creative Planning now owns 109,174 shares of the technology company’s stock valued at $41,903,000 after buying an additional 12,612 shares during the period. Hutchens & Kramer Investment Management Group LLC acquired a new position in Arista Networks in the third quarter valued at about $208,000. Finally, Sumitomo Life Insurance Co. boosted its stake in Arista Networks by 69.8% during the third quarter. Sumitomo Life Insurance Co. now owns 9,028 shares of the technology company’s stock worth $3,465,000 after buying an additional 3,711 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 71,036 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.06, for a total value of $7,107,506.98. Following the completion of the sale, the chief executive officer now owns 70,724 shares in the company, valued at $7,076,289.82. This represents a 50.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth Duda sold 80,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $115.61, for a total transaction of $9,248,800.00. Following the sale, the senior vice president now owns 12,976 shares of the company’s stock, valued at approximately $1,500,155.36. This represents a 86.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 335,832 shares of company stock worth $37,787,297 over the last 90 days. 3.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ANET. Evercore ISI boosted their price target 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. UBS Group upped their price target on Arista Networks from $92.25 to $106.25 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price objective on Arista Networks from $97.50 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Arista Networks from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.83.

Arista Networks Price Performance

NYSE:ANET opened at $109.61 on Thursday. The firm has a market capitalization of $138.08 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. The business’s fifty day moving average price is $113.83 and its 200 day moving average price is $100.59. Arista Networks, Inc. has a 12 month low of $60.08 and a 12 month high of $133.57.

Arista Networks 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.