Arista Networks, Inc. $ANET Shares Purchased by Focus Partners Wealth

Focus Partners Wealth lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 102,158 shares of the technology company's stock after acquiring an additional 20,122 shares during the period. Focus Partners Wealth's holdings in Arista Networks were worth $7,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ANET. HighMark Wealth Management LLC raised its position in shares of 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 during the period. Cloud Capital Management LLC purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $30,000. Saudi Central Bank acquired a new stake in Arista Networks in the 1st quarter valued at approximately $33,000. McIlrath & Eck LLC purchased a new stake in Arista Networks in the fourth quarter valued at approximately $35,000. Finally, Tradewinds Capital Management LLC lifted its stake in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Rosenblatt Securities lifted their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday. Wolfe Research lifted 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. BNP Paribas Exane cut Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a research report on Wednesday, June 11th. Finally, Wedbush assumed coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Arista Networks has a consensus rating of "Moderate Buy" and a consensus price target of $157.56.

Arista Networks Trading Down 8.9%

Shares of NYSE ANET opened at $139.35 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The company's 50-day moving average price is $126.85 and its 200 day moving average price is $100.21. The stock has a market cap of $175.14 billion, a price-to-earnings ratio of 54.81, a PEG ratio of 3.60 and a beta of 1.50.

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 for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company 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 business posted $0.53 earnings per share. Arista Networks'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, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the transaction, the senior vice president directly owned 12,976 shares in the company, valued at $1,771,353.76. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,582,614 shares of company stock valued at $980,712,097. Company insiders own 3.39% of the company's stock.

About Arista Networks

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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