Arista Networks, Inc. $ANET Shares Bought by Moloney Securities Asset Management LLC

Key Points

• Moloney Securities Asset Management LLC increased its holdings in Arista Networks by 26.9% in the second quarter, owning 16,942 shares valued at approximately $1.73 million.
• Analysts are bullish on Arista Networks, with Citigroup and Goldman Sachs raising their price targets to up to $176 and maintaining a "buy" rating.
• Insider trading revealed that CEO Jayshree Ullal sold over 1.7 million shares, amounting to $243.17 million, reflecting a 23.86% decrease in her ownership.

Moloney Securities Asset Management LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 26.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,942 shares of the technology company's stock after buying an additional 3,589 shares during the period. Moloney Securities Asset Management LLC's holdings in Arista Networks were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC increased 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 valued at $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks during the 1st quarter valued at about $30,000. Saudi Central Bank acquired a new position in Arista Networks during the 1st quarter valued at about $33,000. REAP Financial Group LLC increased its holdings in shares of Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares during the period. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after purchasing an additional 143 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Arista Networks in a report on Tuesday, October 14th. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a report on Thursday, September 25th. Citigroup increased their price objective on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a report on Friday, September 12th. The Goldman Sachs Group increased their price objective on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $163.94.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles H. Giancarlo sold 58,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold 6,617,342 shares of company stock worth $888,707,954 in the last quarter. 3.39% of the stock is currently owned by company insiders.

Arista Networks Stock Up 4.2%

Shares of ANET opened at $152.74 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68. The company has a market capitalization of $191.97 billion, a price-to-earnings ratio of 60.08, a PEG ratio of 3.06 and a beta of 1.47. The stock's 50-day moving average price is $142.88 and its 200-day moving average price is $113.06.

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, topping analysts' consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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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