Arista Networks, Inc. $ANET Shares Bought by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its holdings in Arista Networks by 33.2% during the first quarter, owning a total of 40,225 shares valued at approximately $3.12 million.
• In the latest quarterly earnings, Arista reported an earnings per share of $0.73, surpassing analyst estimates, with a revenue increase of 30.4% year-over-year, reaching $2.20 billion.
• Wall Street analysts have collectively labeled Arista Networks with a consensus rating of "Moderate Buy", with price targets ranging from $106 to $150 per share.

Jones Financial Companies Lllp increased its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 33.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 40,225 shares of the technology company's stock after acquiring an additional 10,019 shares during the period. Jones Financial Companies Lllp's holdings in Arista Networks were worth $3,117,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in shares of Arista Networks in the fourth quarter worth approximately $35,000. HighMark Wealth Management LLC increased its stake in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks during the first quarter valued at $30,000. Ameriflex Group Inc. acquired a new stake in shares of Arista Networks in the 4th quarter worth approximately $46,000. Finally, Saudi Central Bank acquired a new stake in shares of Arista Networks in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ANET shares. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $130.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target on the stock. in a research note on Wednesday, June 11th. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Citigroup boosted their price target on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $138.79.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 56,548 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $143.56, for a total transaction of $8,118,030.88. Following the completion of the sale, the chief executive officer owned 5,555,373 shares in the company, valued at $797,529,347.88. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the transaction, the director directly owned 57,784 shares of the company's stock, valued at $6,761,305.84. The trade was a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,334,926 shares of company stock worth $795,392,998. 3.39% of the stock is currently owned by company insiders.

Arista Networks Stock Up 1.8%

Shares of NYSE:ANET traded up $2.71 during midday trading on Thursday, hitting $153.43. 13,575,205 shares of the stock traded hands, compared to its average volume of 7,599,370. The business's 50 day moving average is $125.09 and its two-hundred day moving average is $99.44. The stock has a market capitalization of $192.84 billion, a PE ratio of 61.33, a P/E/G ratio of 3.54 and a beta of 1.50. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS 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 business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The company'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. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current 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.