Arista Networks, Inc. $ANET Shares Acquired by Forte Capital LLC ADV

Key Points

• Forte Capital LLC ADV increased its holdings in Arista Networks by 46.7%, now owning 80,635 shares valued at $8.25 million, while several other institutional investors have also increased their stakes in the company.
• Insider trading activity showed significant sales, with CEO Jayshree Ullal selling over 1.24 million shares and Kenneth Duda selling 30,000 shares, indicating a 18.82% and 69.81% reduction in their positions, respectively.
• Arista Networks reported a 30.4% year-over-year increase in revenue during the last quarter, achieving $2.20 billion and beating earnings estimates, with analysts forecasting a current year EPS of 2.2.

Forte Capital LLC ADV raised its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 46.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,635 shares of the technology company's stock after purchasing an additional 25,656 shares during the quarter. Forte Capital LLC ADV's holdings in Arista Networks were worth $8,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. HighMark Wealth Management LLC increased its position in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Arista Networks during the first quarter worth $30,000. Ameriflex Group Inc. acquired a new position in Arista Networks in the fourth quarter valued at about $46,000. Saudi Central Bank purchased a new position in shares of Arista Networks in the first quarter valued at approximately $33,000. Finally, Costello Asset Management INC grew its holdings in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Buying and Selling

In other news, insider Kenneth Duda sold 30,000 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the transaction, the insider directly owned 12,976 shares of the company's stock, valued at $1,839,867.04. This represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,582,614 shares of company stock worth $983,487,717. Company insiders own 3.54% of the company's stock.

Arista Networks Stock Down 2.7%

Shares of NYSE:ANET opened at $145.51 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32. The firm's 50-day simple moving average is $131.59 and its 200-day simple moving average is $102.73. The company has a market cap of $182.89 billion, a price-to-earnings ratio of 57.23, a PEG ratio of 3.12 and a beta of 1.49.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ANET. Wolfe Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. William Blair reissued an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Melius Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price on the stock. in a research note on Wednesday, June 11th. Finally, UBS Group lifted 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. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and an average target price of $157.88.

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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