Angeles Wealth Management LLC Invests $221,000 in Arista Networks, Inc. $ANET

Key Points

• Angeles Wealth Management LLC has invested $221,000 in Arista Networks by acquiring 2,157 shares during the second quarter, according to a recent SEC filing.
• Following the company’s latest earnings report, which showed a year-over-year revenue increase of 30.4% and an EPS of $0.73, several analysts have raised their price targets significantly.
• Arista Networks' CEO, Jayshree Ullal, sold 1.78 million shares in August, reducing her stake by 23.86% and highlighting potential insider selling trends at the company.

Angeles Wealth Management LLC bought a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,157 shares of the technology company's stock, valued at approximately $221,000.

Several other institutional investors have also recently made changes to their positions in ANET. HighMark Wealth Management LLC lifted its holdings in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after acquiring an additional 230 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of Arista Networks in the 1st quarter worth about $30,000. Saudi Central Bank bought a new stake in shares of Arista Networks in the 1st quarter worth about $33,000. REAP Financial Group LLC lifted its holdings in shares of Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after acquiring an additional 175 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

NYSE ANET opened at $143.10 on Friday. The company has a market capitalization of $179.86 billion, a price-to-earnings ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47. The company's 50-day simple moving average is $142.11 and its two-hundred day simple moving average is $111.15. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. UBS Group raised their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays raised their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, Morgan Stanley set a $171.00 price target on shares of Arista Networks and gave the stock an "overweight" rating in a research note on Friday, October 10th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.94.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 6,622,904 shares of company stock worth $887,794,521. Company insiders own 3.39% of the company's stock.

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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