Arista Networks Stock Analysis: Insider Trading, Analyst Ratings, and Price Performance
Are you interested in the latest news and updates on Arista Networks, Inc. (NYSE:ANET)? Well, you’re in luck because we have all the details on the recent activities surrounding this technology company.
Robeco Institutional Asset Management B.V. recently lowered its position in shares of Arista Networks by 59.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. This move caught the attention of many other hedge funds, with AXQ Capital LP, Lebenthal Global Advisors LLC, Advisor Resource Council, Bleakley Financial Group LLC, and International Assets Investment Management LLC all making changes to their stakes in the company as well.
In terms of price performance, Arista Networks has been making waves with its stock opening at $306.55 on Friday. The company has a market cap of $96.06 billion and has been seeing some positive movement in its stock price. Additionally, Arista Networks announced a stock buyback program that allows the company to repurchase $1.20 billion in outstanding shares, indicating confidence in the company’s value.
Analyst ratings have also been favorable for Arista Networks, with several research reports giving the company positive ratings and price targets. Wells Fargo & Company, Rosenblatt Securities, Needham & Company LLC, JMP Securities, and KeyCorp have all provided insights into the company’s performance and potential growth.
Insider buying and selling activities have also been notable, with SVP Marc Taxay and CEO Jayshree Ullal making significant transactions in the company’s stock. These actions can provide valuable insights into the company’s future prospects.
Overall, Arista Networks continues to be a company to watch in the technology sector. With its innovative solutions and strong market presence, it’s no wonder why hedge funds and analysts are keeping a close eye on this company. Stay updated on the latest news and developments by visiting HoldingsChannel.com for the most recent filings and insider trades related to Arista Networks.
