Arista Networks, Inc. (ANET) Stake Raised by Sei Investments Co.

Sei Investments Co. grew its position in Arista Networks, Inc. (NYSE:ANET) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,834 shares of the technology company’s stock after acquiring an additional 5,823 shares during the quarter. Sei Investments Co. owned about 0.10% of Arista Networks worth $13,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. increased its stake in Arista Networks by 3.2% in the 2nd quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock worth $147,000 after buying an additional 30 shares during the period. PNC Financial Services Group Inc. increased its stake in Arista Networks by 20.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock worth $111,000 after buying an additional 126 shares during the period. M&T Bank Corp increased its stake in Arista Networks by 6.4% in the 2nd quarter. M&T Bank Corp now owns 2,315 shares of the technology company’s stock worth $347,000 after buying an additional 140 shares during the period. Affinity Wealth Management increased its stake in Arista Networks by 11.6% in the 2nd quarter. Affinity Wealth Management now owns 2,158 shares of the technology company’s stock worth $323,000 after buying an additional 224 shares during the period. Finally, Financial Architects Inc increased its stake in Arista Networks by 17.9% in the 2nd quarter. Financial Architects Inc now owns 1,480 shares of the technology company’s stock worth $222,000 after buying an additional 225 shares during the period. 59.21% of the stock is currently owned by institutional investors and hedge funds.

In other Arista Networks news, insider Jayshree Ullal sold 72,443 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $225.96, for a total transaction of $16,369,220.28. Following the completion of the transaction, the insider now directly owns 3,564 shares of the company’s stock, valued at approximately $805,321.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marc Taxay sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $211.39, for a total transaction of $1,479,730.00. Following the transaction, the senior vice president now directly owns 16,002 shares of the company’s stock, valued at $3,382,662.78. The disclosure for this sale can be found here. Insiders have sold a total of 275,405 shares of company stock valued at $58,844,707 over the last three months. 28.09% of the stock is currently owned by insiders.

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Arista Networks, Inc. (NYSE:ANET) opened at $233.82 on Friday. Arista Networks, Inc. has a 1 year low of $87.33 and a 1 year high of $234.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66. The stock has a market cap of $16,940.00, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.31.

Several research analysts recently commented on the stock. William Blair raised shares of Arista Networks from a “market perform” rating to an “outperform” rating in a research note on Friday, August 4th. Argus reaffirmed a “buy” rating on shares of Arista Networks in a research note on Monday, August 7th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $180.00 price target (up previously from $160.00) on shares of Arista Networks in a research note on Wednesday, August 9th. DA Davidson raised shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price target on the stock in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies assumed coverage on shares of Arista Networks in a research note on Monday, November 13th. They issued a “neutral” rating and a $230.00 price target on the stock. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Arista Networks presently has an average rating of “Buy” and a consensus target price of $187.21.

Arista Networks Profile

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

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Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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