Grandview Asset Management LLC acquired a new position in shares of Arista Networks Inc (NYSE:ANET) in the 4th quarter, Holdings Channel reports. The firm acquired 2,348 shares of the technology company’s stock, valued at approximately $495,000.

A number of other large investors have also recently bought and sold shares of ANET. CENTRAL TRUST Co grew its position in shares of Arista Networks by 53.3% in the fourth quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock valued at $29,000 after purchasing an additional 49 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at approximately $39,000. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at approximately $47,000. Lavaca Capital LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at approximately $101,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at approximately $103,000. Institutional investors own 60.35% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $275.00 price target on Arista Networks and gave the company a “buy” rating in a research report on Friday, November 2nd. BMO Capital Markets upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $279.00 price objective on the stock in a report on Wednesday, October 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded Arista Networks from a “hold” rating to a “buy” rating and set a $289.00 price objective on the stock in a report on Monday, November 12th. Nomura upped their price objective on Arista Networks from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, MKM Partners upped their price objective on Arista Networks to $275.00 and gave the company a “neutral” rating in a report on Monday, November 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $291.06.

NYSE:ANET opened at $228.48 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.11 and a current ratio of 4.51. Arista Networks Inc has a 52 week low of $187.08 and a 52 week high of $313.37. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 1.35 and a beta of 1.40.

In other news, insider Anshul Sadana sold 1,197 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $235.00, for a total value of $281,295.00. Following the sale, the insider now directly owns 1,414 shares in the company, valued at $332,290. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marc Taxay sold 2,000 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $218.11, for a total value of $436,220.00. Following the completion of the sale, the senior vice president now owns 15,367 shares in the company, valued at $3,351,696.37. The disclosure for this sale can be found here. Insiders have sold 33,441 shares of company stock worth $7,459,121 over the last 90 days. 24.95% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “Grandview Asset Management LLC Takes Position in Arista Networks Inc (ANET)” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://theolympiareport.com/2019/02/11/grandview-asset-management-llc-takes-position-in-arista-networks-inc-anet.html.

About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

Further Reading: Trading Ex-Dividend Strategy

Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks Inc (NYSE:ANET).

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

Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.