Certuity LLC Has $3.58 Million Holdings in Arista Networks, Inc. (NYSE:ANET)

Certuity LLC raised its position in Arista Networks, Inc. (NYSE:ANET) by 273.4% during the fourth quarter, Holdings Channel reports. The firm owned 32,339 shares of the technology company’s stock after purchasing an additional 23,678 shares during the period. Certuity LLC’s holdings in Arista Networks were worth $3,577,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ANET. Stock Yards Bank & Trust Co. bought a new stake in Arista Networks during the fourth quarter valued at $242,000. Silver Oak Securities Incorporated lifted its stake in shares of Arista Networks by 395.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock valued at $2,072,000 after purchasing an additional 14,843 shares during the period. CENTRAL TRUST Co grew its stake in Arista Networks by 475.5% during the fourth quarter. CENTRAL TRUST Co now owns 4,184 shares of the technology company’s stock worth $462,000 after purchasing an additional 3,457 shares during the period. Triasima Portfolio Management inc. increased its holdings in Arista Networks by 371.3% in the fourth quarter. Triasima Portfolio Management inc. now owns 78,487 shares of the technology company’s stock worth $8,675,000 after purchasing an additional 61,833 shares in the last quarter. Finally, GW Henssler & Associates Ltd. increased its holdings in Arista Networks by 3.6% in the third quarter. GW Henssler & Associates Ltd. now owns 63,244 shares of the technology company’s stock worth $24,274,000 after purchasing an additional 2,219 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 71,036 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 70,724 shares in the company, valued at $7,076,289.82. The trade was a 50.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $412.65, for a total transaction of $825,300.00. Following the sale, the director now owns 42,946 shares of the company’s stock, valued at approximately $17,721,666.90. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 335,832 shares of company stock valued at $37,787,297 over the last three months. Corporate insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANET. UBS Group raised their price objective on shares of Arista Networks from $92.25 to $106.25 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Rosenblatt Securities lifted their price target on shares of Arista Networks from $66.25 to $80.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Wells Fargo & Company increased their price objective on shares of Arista Networks from $97.50 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their price target on Arista Networks from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.83.

Arista Networks Stock Performance

NYSE:ANET opened at $116.82 on Wednesday. Arista Networks, Inc. has a 52 week low of $60.08 and a 52 week high of $133.57. The firm has a 50-day moving average price of $113.57 and a two-hundred day moving average price of $100.33. The firm has a market cap of $147.16 billion, a price-to-earnings ratio of 56.16, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09.

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.