Monetary Management Group Inc. Purchases Shares of 3,265 Arista Networks, Inc. $ANET

Key Points

• Monetary Management Group Inc. has purchased 3,265 shares of Arista Networks, valued at approximately $253,000, as reported in their Form 13F filing.
• Arista Networks reported an earnings per share (EPS) of $0.73 for the last quarter, exceeding analysts' expectations of $0.65, and noted a revenue increase of 30.4% year-over-year.
• Insider trading activity included CEO Jayshree Ullal selling 192,979 shares for approximately $26.95 million, reducing her holdings by 3.32%.

Monetary Management Group Inc. purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,265 shares of the technology company's stock, valued at approximately $253,000.

Other hedge funds also recently made changes to their positions in the company. Quarry LP raised its stake in Arista Networks by 381.5% during the fourth quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after buying an additional 206 shares during the last quarter. Dunhill Financial LLC raised its stake in Arista Networks by 415.7% during the fourth quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock valued at $29,000 after buying an additional 212 shares during the last quarter. McIlrath & Eck LLC purchased a new position in Arista Networks during the fourth quarter valued at $35,000. HighMark Wealth Management LLC raised its stake in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after buying an additional 230 shares during the last quarter. Finally, West Paces Advisors Inc. raised its stake in Arista Networks by 214.5% during the fourth quarter. West Paces Advisors Inc. now owns 368 shares of the technology company's stock valued at $41,000 after buying an additional 251 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Performance

Shares of ANET stock traded up $1.1360 during mid-day trading on Friday, hitting $133.1660. The company's stock had a trading volume of 7,358,652 shares, compared to its average volume of 10,034,801. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $141.99. The business has a 50-day moving average price of $113.86 and a 200 day moving average price of $96.80. The stock has a market cap of $167.37 billion, a price-to-earnings ratio of 52.38, a PEG ratio of 3.13 and a beta of 1.37.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.11 billion. During the same quarter in the previous year, the company 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. Equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 192,979 shares of Arista Networks stock in a transaction on Friday, August 8th. The stock was sold at an average price of $139.67, for a total value of $26,953,376.93. Following the completion of the sale, the chief executive officer owned 5,623,721 shares of the company's stock, valued at $785,465,112.07. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on 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 completion of the sale, the senior vice president directly owned 12,976 shares of the company's stock, valued at $1,771,353.76. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,823,574 shares of company stock valued at $721,676,802 over the last 90 days. Company insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

ANET has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. BNP Paribas Exane cut Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price objective for the company. in a research note on Wednesday, June 11th. Evercore ISI set a $150.00 price objective on Arista Networks and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Wolfe Research began coverage on Arista Networks in a research note on Tuesday, July 8th. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on Arista Networks from $130.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Arista Networks has a consensus rating of "Moderate Buy" and a consensus price target of $138.07.

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.