2,050 Shares in Arista Networks, Inc. $ANET Acquired by Winthrop Advisory Group LLC

Key Points

• Winthrop Advisory Group LLC acquired 2,050 shares of Arista Networks, Inc. valued at approximately $210,000 during the second quarter, indicating growing interest from institutional investors.
• Arista Networks' CEO, Jayshree Ullal, sold 1,785,165 shares for over $243 million, reducing her ownership stake by nearly 24%.
• Analysts have a consensus rating of "Moderate Buy" for Arista Networks, with a target price increase from $150 to $175 reflected in multiple recently published reports.

Winthrop Advisory Group LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,050 shares of the technology company's stock, valued at approximately $210,000.

Several other institutional investors have also made changes to their positions in ANET. HighMark Wealth Management LLC boosted its holdings in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in Arista Networks in the first quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in Arista Networks in the first quarter valued at approximately $33,000. REAP Financial Group LLC lifted its stake in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after acquiring an additional 175 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its stake in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after acquiring an additional 143 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last 90 days. Insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ANET shares. BNP Paribas upgraded shares of Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. William Blair reiterated an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Evercore ISI lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Melius Research lifted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

Arista Networks Stock Up 8.3%

NYSE:ANET opened at $157.37 on Thursday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $158.51. The company's 50 day moving average is $139.41 and its 200-day moving average is $107.74. The firm has a market cap of $197.79 billion, a price-to-earnings ratio of 61.90, a P/E/G ratio of 3.03 and a beta of 1.47.

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

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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