Vestor Capital LLC Purchases 116,337 Shares of Arista Networks, Inc. (NYSE:ANET)

Vestor Capital LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 15,763.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,075 shares of the technology company's stock after purchasing an additional 116,337 shares during the period. Arista Networks accounts for about 1.0% of Vestor Capital LLC's investment portfolio, making the stock its 26th biggest holding. Vestor Capital LLC's holdings in Arista Networks were worth $12,940,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC raised its position in shares of Arista Networks by 486.1% in the fourth quarter. Mizuho Securities USA LLC now owns 97,905 shares of the technology company's stock valued at $10,821,000 after purchasing an additional 81,201 shares during the period. Sciencast Management LP raised its holdings in Arista Networks by 951.9% in the 4th quarter. Sciencast Management LP now owns 7,826 shares of the technology company's stock worth $865,000 after acquiring an additional 7,082 shares during the period. ZEGA Investments LLC acquired a new position in Arista Networks during the 4th quarter worth $1,846,000. von Borstel & Associates Inc. boosted its holdings in Arista Networks by 294.0% during the fourth quarter. von Borstel & Associates Inc. now owns 2,900 shares of the technology company's stock valued at $320,000 after acquiring an additional 2,164 shares during the period. Finally, Summit Global Investments grew its position in shares of Arista Networks by 681.9% in the fourth quarter. Summit Global Investments now owns 35,898 shares of the technology company's stock valued at $3,972,000 after purchasing an additional 31,307 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

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Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $111.51, for a total value of $892,080.00. Following the transaction, the director now owns 163,784 shares of the company's stock, valued at approximately $18,263,553.84. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kenneth Duda sold 80,000 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $118.47, for a total value of $9,477,600.00. Following the completion of the sale, the senior vice president now owns 12,976 shares of the company's stock, valued at approximately $1,537,266.72. This trade represents a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 491,001 shares of company stock valued at $49,112,111 in the last ninety days. Insiders own 3.54% of the company's stock.

Arista Networks Price Performance

Shares of ANET traded down $0.64 during mid-day trading on Tuesday, reaching $86.87. The company had a trading volume of 7,776,843 shares, compared to its average volume of 8,570,789. The company has a market capitalization of $109.55 billion, a P/E ratio of 39.13, a P/E/G ratio of 3.10 and a beta of 1.08. Arista Networks, Inc. has a twelve month low of $60.08 and a twelve month high of $133.58. The company's 50-day moving average is $102.03 and its 200-day moving average 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 (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.90 billion. As a group, equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the subject of several research analyst reports. Barclays reissued an "overweight" rating on shares of Arista Networks in a research report on Monday, March 3rd. Piper Sandler reissued a "neutral" rating and issued a $108.00 price objective (up from $106.00) on shares of Arista Networks in a research report on Wednesday, February 19th. Wells Fargo & Company restated an "overweight" rating on shares of Arista Networks in a research note on Monday, March 3rd. Rosenblatt Securities reiterated a "sell" rating and set a $80.00 target price on shares of Arista Networks in a research note on Tuesday, February 18th. Finally, Evercore ISI raised their price target on shares of Arista Networks from $110.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.00.

About Arista Networks

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.