Arista Networks (NYSE:ANET) Stock Acquired Sen. Angus S. King Jr.

Key Points

• Senator Angus S. King Jr. purchased between $1,001 and $15,000 in shares of Arista Networks on July 21, signifying political interest in the company's stock performance.
• Arista Networks reported a strong quarterly earnings performance with $0.73 EPS, exceeding expectations by $0.08 and showcasing a revenue increase of 30.4% compared to the previous year.
• Arista's Board of Directors has approved a stock buyback program of $1.50 billion, indicating confidence in the stock's value.

Senator Angus S. King Jr. (I-Maine) recently bought shares of Arista Networks, Inc. NYSE: ANET. In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in Arista Networks stock on July 21st.

Senator Angus S. King Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Kirby NYSE: KEX on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 7/21/2025.

Arista Networks Stock Up 0.3%

NYSE:ANET opened at $131.9240 on Friday. The company has a market cap of $165.81 billion, a P/E ratio of 51.89, a P/E/G ratio of 3.09 and a beta of 1.37. The firm's 50 day moving average is $113.05 and its two-hundred day moving average is $96.79. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business's quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Transactions at Arista Networks

In related news, SVP Kenneth Duda sold 30,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the transaction, the senior vice president owned 12,976 shares in the company, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 192,979 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $139.67, for a total value of $26,953,376.93. Following the completion of the transaction, the chief executive officer directly owned 5,623,721 shares of the company's stock, valued at $785,465,112.07. This represents a 3.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,823,574 shares of company stock valued at $721,676,802. 3.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ANET. UBS Group boosted their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wedbush assumed coverage on Arista Networks in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Piper Sandler boosted their target price on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Redburn Atlantic started coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They set a "buy" rating and a $112.00 target price for the company. Finally, Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.07.

Institutional Investors Weigh In On Arista Networks

Several hedge funds have recently modified their holdings of the stock. Bare Financial Services Inc raised its stake in shares of Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock valued at $25,000 after purchasing an additional 233 shares during the period. Quarry LP grew its holdings in Arista Networks by 381.5% during the 4th quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after purchasing an additional 206 shares in the last quarter. Dunhill Financial LLC grew its holdings in Arista Networks by 415.7% during the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. McIlrath & Eck LLC acquired a new position in Arista Networks in the 4th quarter worth $35,000. Finally, REAP Financial Group LLC boosted its position in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after buying an additional 175 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

About Senator King

Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031. King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.

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.

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