Arista Networks, Inc. (NYSE:ANET) Shares Purchased by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 300.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,196 shares of the technology company's stock after acquiring an additional 18,156 shares during the period. Walkner Condon Financial Advisors LLC's holdings in Arista Networks were worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. increased its position in Arista Networks by 6.9% during the 3rd quarter. Zions Bancorporation N.A. now owns 417 shares of the technology company's stock worth $160,000 after purchasing an additional 27 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of Arista Networks by 1.4% during the 3rd quarter. Intellectus Partners LLC now owns 1,927 shares of the technology company's stock worth $740,000 after purchasing an additional 27 shares during the last quarter. Altman Advisors Inc. grew its holdings in shares of Arista Networks by 0.5% during the third quarter. Altman Advisors Inc. now owns 5,862 shares of the technology company's stock worth $2,250,000 after buying an additional 28 shares in the last quarter. HM Payson & Co. raised its position in shares of Arista Networks by 28.2% in the third quarter. HM Payson & Co. now owns 132 shares of the technology company's stock valued at $51,000 after buying an additional 29 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in Arista Networks by 4.9% during the third quarter. Beacon Financial Advisory LLC now owns 640 shares of the technology company's stock worth $246,000 after acquiring an additional 30 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

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Arista Networks Trading Down 2.8 %

NYSE ANET traded down $3.11 during mid-day trading on Monday, reaching $106.64. 12,211,763 shares of the company's stock traded hands, compared to its average volume of 9,228,991. Arista Networks, Inc. has a 1-year low of $60.08 and a 1-year high of $133.57. The company has a fifty day simple moving average of $113.94 and a 200-day simple moving average of $101.16. The company has a market cap of $134.35 billion, a price-to-earnings ratio of 51.27, a P/E/G ratio of 3.10 and a beta of 1.09.

Insider Activity

In related news, Director Charles H. Giancarlo sold 2,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $412.65, for a total value of $825,300.00. Following the completion of the sale, the director now directly owns 42,946 shares of the company's stock, valued at $17,721,666.90. The trade was a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jayshree Ullal sold 71,036 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $100.06, for a total value of $7,107,506.98. Following the sale, the chief executive officer now owns 70,724 shares in the company, valued at $7,076,289.82. The trade was a 50.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 335,832 shares of company stock worth $37,787,297. 3.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ANET. UBS Group lifted their price objective on Arista Networks from $92.25 to $106.25 and gave the company a "neutral" rating in a research report on Friday, November 8th. The Goldman Sachs Group raised their target price on shares of Arista Networks from $120.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Barclays dropped their price target on shares of Arista Networks from $495.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. StockNews.com lowered shares of Arista Networks from a "buy" rating to a "hold" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company upped their price objective on Arista Networks from $97.50 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $107.59.

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.