<div id="readability-page-1"><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/arista-networks-inc-logo-1200x675.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/arista-networks-inc-logo-1200x675.gif"/>Clearstead Trust LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,892 shares of the technology company's stock, valued at approximately $917,000.</p><div><p><span></span><span>Get <strong>Arista Networks</strong> alerts:</span></p></div><ul><li>3 A.I. Stocks to Watch Out For Not Named NVIDIA </li></ul><p>Other institutional investors and hedge funds have also recently modified their holdings of the company. Sapient Capital LLC purchased a new position in Arista Networks during the 4th quarter worth $364,000. Axxcess Wealth Management LLC boosted its holdings in Arista Networks by 26.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 8,442 shares of the technology company's stock worth $1,988,000 after acquiring an additional 1,775 shares in the last quarter. M&amp;T Bank Corp grew its stake in shares of Arista Networks by 186.2% during the fourth quarter. M&amp;T Bank Corp now owns 48,245 shares of the technology company's stock worth $11,362,000 after acquiring an additional 31,386 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Arista Networks by 8.1% during the fourth quarter. Merit Financial Group LLC now owns 2,244 shares of the technology company's stock valued at $528,000 after acquiring an additional 168 shares in the last quarter. Finally, Goldstream Capital Management Ltd purchased a new position in shares of Arista Networks in the 4th quarter valued at approximately $1,704,000. Hedge funds and other institutional investors own 82.47% of the company's stock. </p><h2>Arista Networks Stock Performance</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NjI0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NjI0"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2053push_AI-5.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="200" height="200" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2053push_AI-5.jpg"/></p></div><div><p><b>Ad </b> Altimetry</p><p>Urgent Nvidia Warning</p><p>Could Steve Job's 'Final Prophecy' Make You Rich? Just before he died, Steve Jobs issued a &#34;Final Prophecy&#34; that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' &#34;Final Prophecy&#34; soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.</p><p>Click here to access…</p></div></div></div><p>Shares of ANET traded up $12.54 during mid-day trading on Friday, hitting $274.40. 2,883,651 shares of the company were exchanged, compared to its average volume of 2,426,995. Arista Networks, Inc. has a 1-year low of $131.68 and a 1-year high of $307.74. The stock has a market cap of $85.79 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.24 and a beta of 1.13. The company has a 50 day moving average of $279.07 and a 200-day moving average of $249.25. </p><ul><li>MarketBeat Week in Review – 2/12 - 2/16</li></ul><p>Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.38. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business's revenue was up 20.8% compared to the same quarter last year. Research analysts anticipate that Arista Networks, Inc. will post 6.7 earnings per share for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><p>In other news, insider John F. Mccool sold 420 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $266.08, for a total value of $111,753.60. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. In other news, insider John F. Mccool sold 420 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $266.08, for a total value of $111,753.60. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 20,000 shares of Arista Networks stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $284.31, for a total value of $5,686,200.00. Following the transaction, the senior vice president now owns 3,244 shares in the company, valued at approximately $922,301.64. The disclosure for this sale can be found here. Insiders have sold a total of 335,974 shares of company stock valued at $96,252,685 in the last 90 days. 18.99% of the stock is owned by insiders. </p><h2>Analysts Set New Price Targets</h2><ul><li>Arista Networks stock soars past big tech rival Cisco</li></ul><p>Several analysts have weighed in on the company. Needham &amp; Company LLC reiterated a &#34;buy&#34; rating and set a $320.00 price target on shares of Arista Networks in a research note on Tuesday, February 13th. JPMorgan Chase &amp; Co. increased their price target on shares of Arista Networks from $297.00 to $315.00 and gave the stock an &#34;overweight&#34; rating in a report on Thursday, April 11th. JMP Securities restated a &#34;market outperform&#34; rating and set a $325.00 price objective on shares of Arista Networks in a research note on Tuesday, February 13th. Melius upgraded shares of Arista Networks from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Monday, January 8th. Finally, Barclays raised their target price on shares of Arista Networks from $272.00 to $311.00 and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $285.53.</p><p><b>Get Our Latest Stock Analysis on ANET</b></p><h2>Arista Networks Profile</h2><p> (Free Report)</p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Arista Networks</li><li>Investing in Travel Stocks Benefits</li><li>MarketBeat Week in Review – 4/29 - 5/3</li><li>What Does Downgrade Mean in Investing?</li><li>Apple’s Earnings Show Investors Its Strength and Its Weakness</li><li>Retail Stocks Investing, Explained</li><li>Bargain Alert: 3 Large Caps With Extremely Oversold RSIs</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFORVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFORVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Conflict In Israel Sends Gold Soaring ???? 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arista Networks wasn't on the list.</p><p>While Arista Networks currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here </p><div><div><div><p><img height="209" width="170" src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20240423114142_reportpreviewcover-2024-03-beginners-guide-to-reti.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20240423114142_reportpreviewcover-2024-03-beginners-guide-to-reti.png"/></p></div><div><div><p>Beginners Guide To Retirement Stocks</p><p>Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. </p><p>Get This Free Report</p></div></div></div></div> </div></div>

ANET

<p>Clearstead Trust LLC has purchased a new stake in Arista Networks, Inc. during the fourth quarter. The firm purchased 3,892 shares of the technology company's stock, valued at approximately $917,000. Other institutional investors and hedge funds have also modified their holdings of the company.</p>

Clearstead Trust LLC Makes New Investment in Arista Networks, Inc. (NYSE:ANET)