2,675 Shares in Arista Networks, Inc. $ANET Acquired by TBH Global Asset Management LLC

Key Points

• TBH Global Asset Management LLC has acquired 2,675 shares of Arista Networks, valued at approximately $274,000, indicating growing interest from institutional investors.
• Arista Networks experienced significant insider selling, with CEO Jayshree Ullal offloading 1,785,165 shares, resulting in a 23.86% reduction in her stake in the company.
• Several major brokerages have recently upgraded their price targets for Arista Networks, with consensus ratings leaning towards a Moderate Buy and a target price of around $162.00.

TBH Global Asset Management LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,675 shares of the technology company's stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ibex Wealth Advisors grew its position in shares of Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after purchasing an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Arista Networks during the 1st quarter valued at approximately $629,000. Commonwealth Equity Services LLC grew its holdings in Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after buying an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Arista Networks in the 1st quarter worth approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Arista Networks by 94.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock worth $50,363,000 after buying an additional 316,309 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 6,678,904 shares of company stock valued at $893,636,121 in the last three months. Insiders own 3.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ANET. Morgan Stanley raised their price objective on shares of Arista Networks from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. The Goldman Sachs Group lifted their target price on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. UBS Group upped their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

Arista Networks Price Performance

Shares of ANET stock opened at $142.53 on Monday. The stock's fifty day simple moving average is $134.23 and its 200 day simple moving average is $104.52. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The firm has a market cap of $179.14 billion, a price-to-earnings ratio of 56.06, a P/E/G ratio of 2.97 and a beta of 1.49.

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