2,398 Shares in Arista Networks, Inc. $ANET Bought by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors LLC acquired 2,398 shares of Arista Networks, valued at approximately $245,000, during the 2nd quarter.
• Arista Networks reported $0.73 earnings per share for the last quarter, beating the consensus estimate by $0.08, and had revenue of $2.20 billion, a 30.4% increase year-over-year.
• Insiders, including CEO Jayshree Ullal, sold a total of 6,678,904 shares worth approximately $894 million in the last quarter, reducing their ownership to 3.39% of the company.

Sax Wealth Advisors LLC bought a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,398 shares of the technology company's stock, valued at approximately $245,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after buying an additional 1,771,982 shares during the period. Alliancebernstein L.P. raised its position in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after buying an additional 1,889,198 shares during the period. Nuveen LLC purchased a new position in shares of Arista Networks in the 1st quarter worth $933,626,000. Northern Trust Corp raised its position in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after buying an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock valued at $740,126,000 after purchasing an additional 2,594,184 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $158.57 on Friday. The business has a 50-day moving average of $140.11 and a 200-day moving average of $108.23. The company has a market capitalization of $199.30 billion, a PE ratio of 62.37, a P/E/G ratio of 3.28 and a beta of 1.47. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $159.80.

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 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 the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company's revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated 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. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last quarter. Company insiders own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Rosenblatt Securities increased their price target on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Citigroup increased their price target on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a report on Friday, September 12th. Melius Research increased their price target on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Arista Networks in a report on Saturday, September 27th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $162.00.

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.

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