Arista Networks, Inc. (NYSE:ANET) Shares Purchased by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 313.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,014 shares of the technology company's stock after purchasing an additional 3,042 shares during the period. Oxford Financial Group LTD. LLC's holdings in Arista Networks were worth $444,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Stock Yards Bank & Trust Co. purchased a new stake in shares of Arista Networks in the 4th quarter valued at approximately $242,000. GHE LLC grew its position in Arista Networks by 319.0% in the fourth quarter. GHE LLC now owns 28,368 shares of the technology company's stock worth $3,136,000 after acquiring an additional 21,597 shares during the period. Colonial River Investments LLC increased its stake in Arista Networks by 327.6% during the fourth quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company's stock worth $1,077,000 after acquiring an additional 7,466 shares during the last quarter. Unified Investment Management purchased a new stake in Arista Networks in the fourth quarter valued at $630,000. Finally, Berkshire Capital Holdings Inc. lifted its stake in shares of Arista Networks by 257.6% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 76,950 shares of the technology company's stock valued at $8,505,000 after purchasing an additional 55,430 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 138,351 shares of Arista Networks stock in a transaction on Monday, February 24th. The shares were sold at an average price of $93.88, for a total value of $12,988,391.88. Following the transaction, the chief executive officer now owns 92,641 shares in the company, valued at $8,697,137.08. This trade represents a 59.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kenneth Duda sold 80,000 shares of Arista Networks stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $84.85, for a total value of $6,788,000.00. Following the completion of the transaction, the senior vice president now owns 12,976 shares in the company, valued at $1,101,013.60. The trade was a 86.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 491,001 shares of company stock valued at $49,112,111. Corporate insiders own 3.54% of the company's stock.

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Arista Networks Price Performance

Shares of NYSE ANET traded down $0.64 during trading on Tuesday, hitting $86.87. 7,776,843 shares of the company were exchanged, compared to its average volume of 8,570,789. Arista Networks, Inc. has a 1 year low of $60.08 and a 1 year high of $133.58. The company has a market cap of $109.55 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.10 and a beta of 1.08. The firm's fifty day moving average price is $102.03 and its 200 day moving average price is $101.92.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. On average, research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ANET shares. Morgan Stanley boosted their price objective on shares of Arista Networks from $102.50 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. The Goldman Sachs Group restated a "buy" rating on shares of Arista Networks in a report on Monday, March 3rd. Piper Sandler reiterated a "neutral" rating and issued a $108.00 target price (up previously from $106.00) on shares of Arista Networks in a report on Wednesday, February 19th. Citigroup upped their price target on Arista Networks from $115.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Finally, Rosenblatt Securities reaffirmed a "sell" rating and issued a $80.00 price objective on shares of Arista Networks in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.00.

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.