Vanguard Capital Wealth Advisors Makes New $277,000 Investment in Arista Networks, Inc. (NYSE:ANET)

Vanguard Capital Wealth Advisors purchased a new position in Arista Networks, Inc. (NYSE:ANET) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,175 shares of the technology company’s stock, valued at approximately $277,000.

A number of other large investors have also bought and sold shares of the stock. Sandy Spring Bank increased its stake in shares of Arista Networks by 33.6% during the fourth quarter. Sandy Spring Bank now owns 155 shares of the technology company’s stock valued at $37,000 after buying an additional 39 shares during the period. Fulton Breakefield Broenniman LLC increased its stake in shares of Arista Networks by 1.8% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 2,255 shares of the technology company’s stock valued at $531,000 after buying an additional 40 shares during the period. Venturi Wealth Management LLC grew its stake in Arista Networks by 2.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,839 shares of the technology company’s stock worth $433,000 after purchasing an additional 41 shares during the period. PDS Planning Inc grew its stake in Arista Networks by 3.1% in the fourth quarter. PDS Planning Inc now owns 1,376 shares of the technology company’s stock worth $324,000 after purchasing an additional 41 shares during the period. Finally, Purus Wealth Management LLC grew its stake in Arista Networks by 0.5% in the fourth quarter. Purus Wealth Management LLC now owns 8,619 shares of the technology company’s stock worth $2,030,000 after purchasing an additional 43 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Melius Research raised Arista Networks from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, January 8th. Oppenheimer restated a “market perform” rating on shares of Arista Networks in a report on Tuesday, February 13th. Piper Sandler lifted their target price on Arista Networks from $254.00 to $268.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. The Goldman Sachs Group lifted their target price on Arista Networks from $313.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, KeyCorp lifted their target price on Arista Networks from $232.00 to $287.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and an average target price of $275.59.

Insider Activity at Arista Networks

In related news, Director Yvonne Wassenaar sold 224 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $255.29, for a total transaction of $57,184.96. Following the transaction, the director now directly owns 2,827 shares of the company’s stock, valued at approximately $721,704.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Arista Networks news, insider John F. Mccool sold 420 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $266.08, for a total transaction of $111,753.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 224 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $255.29, for a total value of $57,184.96. Following the sale, the director now owns 2,827 shares in the company, valued at approximately $721,704.83. The disclosure for this sale can be found here. Insiders have sold 332,514 shares of company stock valued at $95,369,397 in the last ninety days. Corporate insiders own 18.99% of the company’s stock.

Arista Networks Stock Performance

NYSE ANET traded down $7.11 on Tuesday, reaching $256.56. 2,039,195 shares of the stock traded hands, compared to its average volume of 2,465,440. The company has a fifty day moving average price of $279.13 and a 200-day moving average price of $248.11. The company has a market cap of $80.46 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.26 and a beta of 1.09. Arista Networks, Inc. has a 12 month low of $131.68 and a 12 month high of $307.74.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.70 by $0.38. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 6.7 earnings per share for the current fiscal year.

Arista Networks Company Profile

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.