David J Yvars Group Has $3.43 Million Holdings in Arista Networks, Inc. (NYSE:ANET)

David J Yvars Group boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 20.1% in the third quarter, HoldingsChannel reports. The firm owned 8,923 shares of the technology company’s stock after acquiring an additional 1,493 shares during the period. Arista Networks makes up 2.1% of David J Yvars Group’s portfolio, making the stock its 13th biggest position. David J Yvars Group’s holdings in Arista Networks were worth $3,425,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in shares of Arista Networks by 500.0% in the second quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock valued at $27,000 after purchasing an additional 65 shares in the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Arista Networks in the 2nd quarter valued at $27,000. Byrne Asset Management LLC bought a new stake in shares of Arista Networks during the second quarter worth $33,000. Sugarloaf Wealth Management LLC acquired a new position in shares of Arista Networks during the second quarter valued at $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Arista Networks in the second quarter worth about $35,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE ANET opened at $422.85 on Thursday. Arista Networks, Inc. has a 52 week low of $203.19 and a 52 week high of $424.01. The stock’s 50 day moving average price is $379.96 and its two-hundred day moving average price is $342.48. The stock has a market capitalization of $132.84 billion, a price-to-earnings ratio of 54.84, a PEG ratio of 3.47 and a beta of 1.08.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $375.00 target price on shares of Arista Networks in a research report on Wednesday, July 31st. KeyCorp lifted their target price on shares of Arista Networks from $349.00 to $432.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. The Goldman Sachs Group increased their price target on Arista Networks from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Wells Fargo & Company lifted their price objective on Arista Networks from $390.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their target price on Arista Networks from $302.00 to $345.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.88.

Insider Activity

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

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.