Arista Networks, Inc. (NYSE:ANET) is Jackson Square Capital LLC’s 9th Largest Position

Jackson Square Capital LLC increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,450 shares of the technology company’s stock after acquiring an additional 738 shares during the quarter. Arista Networks makes up about 2.6% of Jackson Square Capital LLC’s investment portfolio, making the stock its 9th largest position. Jackson Square Capital LLC’s holdings in Arista Networks were worth $10,536,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ANET. GQG Partners LLC bought a new position in Arista Networks in the first quarter worth about $881,848,000. Swedbank AB bought a new position in Arista Networks in the first quarter worth about $521,767,000. Ameriprise Financial Inc. raised its holdings in Arista Networks by 97.2% in the second quarter. Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock worth $628,966,000 after purchasing an additional 884,703 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Arista Networks by 39,841.1% during the third quarter. International Assets Investment Management LLC now owns 875,110 shares of the technology company’s stock valued at $3,358,850,000 after acquiring an additional 872,919 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Arista Networks by 4,160.9% during the second quarter. 1832 Asset Management L.P. now owns 515,700 shares of the technology company’s stock valued at $180,743,000 after acquiring an additional 503,597 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, SVP Kenneth Duda sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $394.69, for a total value of $7,893,800.00. Following the sale, the senior vice president now owns 3,244 shares in the company, valued at approximately $1,280,374.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Kenneth Duda sold 20,000 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $394.69, for a total transaction of $7,893,800.00. Following the transaction, the senior vice president now owns 3,244 shares in the company, valued at $1,280,374.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marc Taxay sold 4,497 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $336.32, for a total value of $1,512,431.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,346 shares of company stock worth $21,614,232. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Trading Up 4.4 %

Arista Networks stock opened at $422.85 on Thursday. Arista Networks, Inc. has a 12 month low of $203.19 and a 12 month high of $424.01. The stock’s 50 day simple moving average is $379.96 and its two-hundred day simple moving average is $342.48. The firm has a market cap of $132.84 billion, a PE ratio of 54.84, a P/E/G ratio of 3.47 and a beta of 1.08.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Arista Networks from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Barclays upped their price objective on shares of Arista Networks from $320.00 to $341.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upped their price objective on shares of Arista Networks from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. UBS Group upped their price objective on shares of Arista Networks from $285.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Finally, Jefferies Financial Group increased their price target on shares of Arista Networks from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $373.88.

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.