Arista Networks, Inc. $ANET Shares Acquired by Dakota Wealth Management

Key Points

• Dakota Wealth Management increased its holdings in Arista Networks by 172% in Q2, owning 51,483 shares worth approximately $5.27 million.
• CEO Jayshree Ullal sold 1,785,165 shares for over $243 million, reducing her ownership by nearly 24%, while insiders collectively sold over 7.5 million shares in the past quarter.
• A number of brokerages, including JPMorgan Chase and Citigroup, raised their target prices for Arista Networks, indicating strong analyst sentiment with a consensus rating of "Moderate Buy."

Dakota Wealth Management grew its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 172.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,483 shares of the technology company's stock after purchasing an additional 32,556 shares during the quarter. Dakota Wealth Management's holdings in Arista Networks were worth $5,267,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wesbanco Bank Inc. boosted its position in Arista Networks by 2.3% during the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company's stock worth $461,000 after acquiring an additional 100 shares during the last quarter. CX Institutional boosted its position in Arista Networks by 1.4% during the second quarter. CX Institutional now owns 7,703 shares of the technology company's stock worth $788,000 after acquiring an additional 110 shares during the last quarter. McAdam LLC boosted its position in Arista Networks by 2.6% during the second quarter. McAdam LLC now owns 4,594 shares of the technology company's stock worth $470,000 after acquiring an additional 116 shares during the last quarter. Clearstead Trust LLC boosted its position in Arista Networks by 5.1% during the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock worth $190,000 after acquiring an additional 119 shares during the last quarter. Finally, Pier 88 Investment Partners LLC boosted its position in Arista Networks by 1.5% during the first quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock worth $617,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 7,520,816 shares of company stock valued at $979,873,167. Company insiders own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ANET. JPMorgan Chase & Co. raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. BNP Paribas Exane raised shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price target on the stock in a research note on Thursday. Melius Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Citigroup increased their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Arista Networks Trading Up 0.3%

Shares of ANET stock opened at $143.02 on Friday. The company's fifty day simple moving average is $133.62 and its 200-day simple moving average is $103.74. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The company has a market cap of $179.76 billion, a PE ratio of 56.25, a P/E/G ratio of 2.97 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last issued 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. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm posted $0.53 EPS. The business's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks 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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