G&S Capital LLC Invests $347,000 in Arista Networks, Inc. (NYSE:ANET)

G&S Capital LLC bought a new stake in Arista Networks, Inc. (NYSE:ANET) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,136 shares of the technology company’s stock, valued at approximately $347,000.

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC boosted its stake in Arista Networks by 186.0% in the third quarter. ORG Partners LLC now owns 143 shares of the technology company’s stock valued at $55,000 after acquiring an additional 93 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Arista Networks by 10.0% in the 3rd quarter. Wesbanco Bank Inc. now owns 1,102 shares of the technology company’s stock valued at $423,000 after purchasing an additional 100 shares during the last quarter. Creative Planning boosted its position in shares of Arista Networks by 13.1% in the 3rd quarter. Creative Planning now owns 109,174 shares of the technology company’s stock valued at $41,903,000 after purchasing an additional 12,612 shares during the period. Hutchens & Kramer Investment Management Group LLC acquired a new stake in shares of Arista Networks in the 3rd quarter valued at about $208,000. Finally, Sumitomo Life Insurance Co. grew its stake in Arista Networks by 69.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,028 shares of the technology company’s stock worth $3,465,000 after buying an additional 3,711 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 71,036 shares of the stock in a transaction on Thursday, November 21st. The stock was 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 of the company’s stock, valued at approximately $7,076,289.82. This trade represents a 50.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John F. Mccool sold 288 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $108.70, for a total value of $31,305.60. The disclosure for this sale can be found here. Insiders have sold a total of 335,832 shares of company stock worth $37,787,297 in the last three months. Company insiders own 3.54% of the company’s stock.

Arista Networks Trading Down 6.2 %

Shares of NYSE:ANET opened at $109.61 on Thursday. The firm has a market cap of $138.08 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.10 and a beta of 1.09. The stock’s 50-day moving average price is $113.91 and its two-hundred day moving average price is $100.65. Arista Networks, Inc. has a 12-month low of $60.08 and a 12-month high of $133.57.

Analysts Set New Price Targets

Several research firms have recently weighed in on ANET. Evercore ISI increased their price objective on Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company increased their price target on shares of Arista Networks from $97.50 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Barclays dropped their price objective on shares of Arista Networks from $495.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $105.25 target price (up from $86.25) on shares of Arista Networks in a report on Friday, November 8th. Finally, The Goldman Sachs Group raised 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.83.

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.