JSF Financial LLC Purchases 8,968 Shares of Arista Networks, Inc. (NYSE:ANET)

JSF Financial LLC boosted its position in Arista Networks, Inc. (NYSE:ANET) by 311.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,848 shares of the technology company’s stock after purchasing an additional 8,968 shares during the period. JSF Financial LLC’s holdings in Arista Networks were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ANET. Stock Yards Bank & Trust Co. bought a new stake in Arista Networks in the 4th quarter valued at about $242,000. Silver Oak Securities Incorporated raised its position in shares of Arista Networks by 395.8% in the fourth 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 lifted its stake in shares of Arista Networks by 475.5% during the 4th quarter. CENTRAL TRUST Co now owns 4,184 shares of the technology company’s stock valued at $462,000 after buying an additional 3,457 shares in the last quarter. Triasima Portfolio Management inc. boosted its holdings in Arista Networks by 371.3% in the 4th quarter. Triasima Portfolio Management inc. now owns 78,487 shares of the technology company’s stock worth $8,675,000 after buying an additional 61,833 shares during the period. Finally, GW Henssler & Associates Ltd. grew its stake in Arista Networks by 3.6% during the third quarter. GW Henssler & Associates Ltd. now owns 63,244 shares of the technology company’s stock valued at $24,274,000 after acquiring an additional 2,219 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Activity

In related news, CEO Jayshree Ullal sold 71,036 shares of Arista Networks stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $100.06, for a total transaction of $7,107,506.98. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, SVP Kenneth Duda sold 80,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $108.29, for a total transaction of $8,663,200.00. Following the completion of the transaction, the senior vice president now owns 12,976 shares of the company’s stock, valued at approximately $1,405,171.04. The trade was a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 335,832 shares of company stock valued at $37,787,297. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Stock Up 1.4 %

NYSE:ANET opened at $120.15 on Tuesday. The firm’s fifty day simple moving average is $113.21 and its 200 day simple moving average is $100.04. The stock has a market cap of $151.36 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. Arista Networks, Inc. has a twelve month low of $60.08 and a twelve month high of $133.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ANET shares. UBS Group upped their target price on Arista Networks from $92.25 to $106.25 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Rosenblatt Securities boosted their price target on shares of Arista Networks from $66.25 to $80.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised their price objective on shares of Arista Networks from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, January 17th. StockNews.com lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Barclays dropped their price target on Arista Networks from $495.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.83.

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.