3,422 Shares in Arista Networks, Inc. $ANET Bought by Vest Financial LLC

Key Points

• Vest Financial LLC purchased 3,422 shares of Arista Networks, Inc. valued at around $350,000, indicating growing institutional interest in the company.
• Arista's stock has received multiple upgrades from analysts, with target prices raised by firms like JPMorgan Chase, Wolfe Research, and Citigroup, reflecting a consensus rating of "Moderate Buy" and an average target price of $163.94.
• CEO Jayshree Ullal sold over 1.7 million shares, a 23.86% decrease in her holdings, amidst a trend where insiders sold nearly 6.6 million shares over the last three months.

Vest Financial LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,422 shares of the technology company's stock, valued at approximately $350,000.

Other large investors have also bought and sold shares of the company. REAP Financial Group LLC raised its position in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares during the last quarter. HighMark Wealth Management LLC raised its position in Arista Networks by 179.7% during the 1st 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 last quarter. Cloud Capital Management LLC bought a new position in Arista Networks during the 1st quarter worth $30,000. Saudi Central Bank bought a new position in Arista Networks during the 1st quarter worth $33,000. Finally, Costello Asset Management INC raised its position in Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after purchasing an additional 154 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Wolfe Research lifted their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Citigroup lifted their price objective on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a research report on Thursday, September 25th. Finally, The Goldman Sachs Group lifted their price objective on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $163.94.

Arista Networks Price Performance

Shares of ANET opened at $143.46 on Thursday. The company has a market cap of $180.31 billion, a PE ratio of 56.43, a P/E/G ratio of 2.89 and a beta of 1.47. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The stock has a 50-day moving average of $141.90 and a 200-day moving average of $110.02.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results 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. The business 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 quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 6,622,904 shares of company stock worth $887,794,521. 3.39% of the stock is currently owned by insiders.

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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