Arista Networks, Inc. $ANET Shares Bought by Marshall & Sterling Wealth Advisors Inc.

Marshall & Sterling Wealth Advisors Inc. grew its position in Arista Networks, Inc. (NYSE:ANET) by 3,588.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,873 shares of the technology company’s stock after purchasing an additional 3,768 shares during the period. Marshall & Sterling Wealth Advisors Inc.’s holdings in Arista Networks were worth $564,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc increased its holdings in Arista Networks by 56.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after buying an additional 72 shares during the period. Richardson Financial Services Inc. boosted its holdings in shares of Arista Networks by 141.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock valued at $32,000 after acquiring an additional 130 shares during the last quarter. Bare Financial Services Inc increased its stake in shares of Arista Networks by 2,118.2% in the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after acquiring an additional 233 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Arista Networks by 979.2% in the third quarter. SJS Investment Consulting Inc. now owns 259 shares of the technology company’s stock worth $38,000 after acquiring an additional 235 shares during the period. Finally, Guerra Advisors Inc purchased a new position in shares of Arista Networks during the third quarter worth $41,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the transaction, the director directly owned 9,784 shares in the company, valued at $1,373,967.12. The trade was a 44.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kenneth Duda sold 32,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $142.44, for a total value of $4,558,080.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,848,301.44. This represents a 71.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 218,042 shares of company stock worth $28,561,131. 3.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Rosenblatt Securities increased their price target on Arista Networks from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. UBS Group restated a “buy” rating and issued a $177.00 target price on shares of Arista Networks in a research note on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $175.00 price target (up from $159.00) on shares of Arista Networks in a research report on Friday, February 13th. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 price objective (up previously from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Finally, Erste Group Bank cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.44.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $136.97 on Friday. The firm has a fifty day moving average of $133.75 and a 200 day moving average of $137.42. The firm has a market cap of $172.11 billion, a PE ratio of 49.63, a PEG ratio of 2.35 and a beta of 1.42. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company’s quarterly revenue was up 28.9% on a year-over-year basis. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.