Robeco Institutional Asset Management B.V. Grows Stock Holdings in Arista Networks, Inc. (NYSE:ANET)

Robeco Institutional Asset Management B.V. lifted its position in Arista Networks, Inc. (NYSE:ANET) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 231,364 shares of the technology company’s stock after buying an additional 8,604 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Arista Networks worth $88,802,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC grew its stake in shares of Arista Networks by 500.0% during the second quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock worth $27,000 after acquiring an additional 65 shares during the last quarter. LGT Financial Advisors LLC purchased a new position in shares of Arista Networks in the second quarter worth $27,000. Byrne Asset Management LLC acquired a new stake in shares of Arista Networks during the second quarter worth $33,000. Sugarloaf Wealth Management LLC purchased a new stake in shares of Arista Networks during the second quarter valued at $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Arista Networks in the 2nd quarter valued at $35,000. Institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other news, SVP Kenneth Duda sold 1,689 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $321.28, for a total transaction of $542,641.92. Following the completion of the sale, the senior vice president now owns 182,600 shares in the company, valued at approximately $58,665,728. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Arista Networks news, SVP Marc Taxay sold 4,497 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $336.32, for a total value of $1,512,431.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kenneth Duda sold 1,689 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $321.28, for a total transaction of $542,641.92. Following the transaction, the senior vice president now directly owns 182,600 shares in the company, valued at approximately $58,665,728. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,306 shares of company stock worth $20,029,349. Insiders own 3.54% of the company’s stock.

Arista Networks Trading Up 0.2 %

ANET stock opened at $394.88 on Tuesday. The company’s 50 day moving average is $377.14 and its two-hundred day moving average is $340.79. Arista Networks, Inc. has a twelve month low of $203.19 and a twelve month high of $422.73. The stock has a market cap of $124.05 billion, a P/E ratio of 51.22, a PEG ratio of 3.40 and a beta of 1.08.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $375.00 target price on shares of Arista Networks in a research report on Wednesday, July 31st. Morgan Stanley increased their price objective on shares of Arista Networks from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. KeyCorp boosted their target price on shares of Arista Networks from $349.00 to $432.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Barclays increased their price target on Arista Networks from $320.00 to $341.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price objective on Arista Networks from $390.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.88.

About Arista Networks

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.