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New Amsterdam Partners LLC NY Sells 68 Shares of Arista Networks Inc (ANET) – Fairfield Current

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New Amsterdam Partners LLC NY reduced its position in Arista Networks Inc (NYSE:ANET) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,487 shares of the technology company’s stock after selling 68 shares during the quarter. New Amsterdam Partners LLC NY’s holdings in Arista Networks were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors bought a new position in shares of Arista Networks in the third quarter worth $416,263,000. Toronto Dominion Bank boosted its holdings in shares of Arista Networks by 551.9% in the third quarter. Toronto Dominion Bank now owns 33,604 shares of the technology company’s stock worth $8,932,000 after acquiring an additional 28,449 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Arista Networks by 94.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,194 shares of the technology company’s stock worth $1,646,000 after acquiring an additional 3,001 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Arista Networks by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 121,445 shares of the technology company’s stock worth $32,287,000 after acquiring an additional 2,113 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Arista Networks by 5.2% in the fourth quarter. State of Alaska Department of Revenue now owns 10,253 shares of the technology company’s stock worth $2,159,000 after acquiring an additional 503 shares during the period. 58.71% of the stock is owned by institutional investors and hedge funds.

Shares of ANET stock opened at $226.34 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.51 and a quick ratio of 4.11. Arista Networks Inc has a 12-month low of $187.08 and a 12-month high of $313.37. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 1.31 and a beta of 1.40.

In other Arista Networks news, Director Ann Mather sold 1,201 shares of Arista Networks stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $239.55, for a total transaction of $287,699.55. Following the completion of the sale, the director now owns 6,061 shares of the company’s stock, valued at $1,451,912.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kenneth Duda sold 11,000 shares of Arista Networks stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $238.61, for a total value of $2,624,710.00. Following the sale, the senior vice president now directly owns 2,664 shares of the company’s stock, valued at approximately $635,657.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,642 shares of company stock valued at $10,371,530. Corporate insiders own 24.95% of the company’s stock.

A number of equities analysts have recently commented on the company. Nomura raised their price target on Arista Networks from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Citigroup raised their price target on Arista Networks from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 2nd. Credit Suisse Group set a $315.00 price target on Arista Networks and gave the stock a “buy” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. raised their price target on Arista Networks from $255.00 to $262.00 and gave the stock a “hold” rating in a report on Friday, November 2nd. Finally, Stifel Nicolaus set a $275.00 price target on Arista Networks and gave the stock a “buy” rating in a report on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $291.06.

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About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company’s cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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