Mitsubishi Ufj Asset Management Adds $24M in Arista Networks, Inc. ($ANET)
Key Points
- Mitsubishi Ufj Asset Management changed its Arista Networks, Inc. ($ANET) stake by 7.0% last quarter, boosting to 2,372,368 shares worth $370.87 million.
- Wall Street's consensus rating on $ANET is Strong Buy and an average price target of $189.13.
- $ANET last traded around $156.33.
Mitsubishi Ufj Asset Management increased its position in Arista Networks, Inc. ($ANET) by 7.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,372,368 shares of Arista Networks, Inc. after buying 156,144 shares during the quarter. Mitsubishi Ufj Asset Management's holdings in Arista Networks, Inc. were worth $370.87 million as of its most recent filing.
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About Arista Networks, Inc.
Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, 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. The company offers data center, cloud and AI networking, cognitive adjacencies, and cognitive network software and services. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, cloud service providers, financial services organizations, government agencies, media and entertainment, healthcare, oil and gas, education, manufacturing, industrial, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. Arista Networks, Inc. was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. The company was incorporated in 2004 and is headquartered in Santa Clara, California.
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