Baader Bank Aktiengesellschaft Has $6.58 Million Stock Holdings in Arista Networks, Inc. $ANET

Baader Bank Aktiengesellschaft grew its position in Arista Networks, Inc. (NYSE:ANET) by 35.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,188 shares of the technology company’s stock after purchasing an additional 12,410 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Arista Networks were worth $6,583,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bare Financial Services Inc boosted its holdings in Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock valued at $25,000 after acquiring an additional 233 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in Arista Networks by 141.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock valued at $32,000 after purchasing an additional 130 shares during the period. SJS Investment Consulting Inc. grew its holdings in Arista Networks by 979.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 259 shares of the technology company’s stock valued at $38,000 after buying an additional 235 shares during the last quarter. Finally, Solstein Capital LLC grew its holdings in Arista Networks by 493.8% in the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after buying an additional 316 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $140.43, for a total value of $1,123,440.00. Following the sale, the director owned 9,784 shares of the company’s stock, valued at approximately $1,373,967.12. This represents a 44.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayshree Ullal sold 24,042 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total transaction of $2,994,431.10. Following the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at $1,235,162.35. This trade represents a 70.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 216,464 shares of company stock worth $27,553,548 over the last three months. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 1.4%

ANET stock opened at $143.71 on Wednesday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94. The business’s 50 day moving average is $132.39 and its 200-day moving average is $136.68. The firm has a market cap of $180.97 billion, a P/E ratio of 54.64, a P/E/G ratio of 2.39 and a beta of 1.42.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANET shares. Erste Group Bank lowered Arista Networks from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Rosenblatt Securities upped their target price on shares of Arista Networks from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Arista Networks in a report on Monday, December 29th. Barclays restated an “overweight” rating and set a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Finally, Morgan Stanley reduced their target price on shares of Arista Networks from $171.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, December 17th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.00.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.