SG Americas Securities LLC Has $2.56 Million Holdings in Arista Networks Inc (ANET)

SG Americas Securities LLC grew its holdings in shares of Arista Networks Inc (NYSE:ANET) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,129 shares of the technology company’s stock after purchasing an additional 193 shares during the period. SG Americas Securities LLC’s holdings in Arista Networks were worth $2,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. CENTRAL TRUST Co boosted its stake in Arista Networks by 53.3% during the fourth quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock valued at $29,000 after buying an additional 49 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new position in Arista Networks during the fourth quarter valued at about $47,000. Lavaca Capital LLC bought a new position in Arista Networks during the fourth quarter valued at about $101,000. Quantamental Technologies LLC bought a new position in Arista Networks during the fourth quarter valued at about $103,000. Finally, Dupont Capital Management Corp bought a new position in Arista Networks during the third quarter valued at about $109,000. 60.35% of the stock is currently owned by institutional investors.

In other Arista Networks news, SVP Kenneth Duda sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $217.41, for a total value of $2,391,510.00. Following the sale, the senior vice president now owns 3,483 shares of the company’s stock, valued at approximately $757,239.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marc Taxay sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $218.11, for a total value of $436,220.00. Following the completion of the sale, the senior vice president now directly owns 15,367 shares in the company, valued at approximately $3,351,696.37. The disclosure for this sale can be found here. Insiders sold a total of 33,441 shares of company stock worth $7,459,121 in the last ninety days. Insiders own 24.95% of the company’s stock.

A number of research firms recently weighed in on ANET. ValuEngine lowered Arista Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Nomura upgraded Arista Networks from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research report on Friday, January 18th. Morgan Stanley upgraded Arista Networks from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $290.00 to $250.00 in a research report on Monday, January 7th. Zacks Investment Research lowered Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Finally, Wolfe Research started coverage on Arista Networks in a research report on Tuesday, December 11th. They set an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $291.06.

Shares of ANET stock opened at $226.34 on Monday. The company has a current ratio of 4.51, a quick ratio of 4.11 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a twelve month low of $187.08 and a twelve month high of $313.37. The company has a market capitalization of $17.07 billion, a P/E ratio of 48.68, a P/E/G ratio of 1.35 and a beta of 1.40.

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Arista Networks Company Profile

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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