Arista Networks, Inc. $ANET Stock Position Raised by Moody Lynn & Lieberson LLC

Key Points

• Moody Lynn & Lieberson LLC increased its stake in Arista Networks by 149.9%, acquiring an additional 39,056 shares, bringing its total holdings to 65,116 shares valued at approximately $6.66 million.
• Arista Networks reported a quarterly revenue of $2.20 billion, surpassing analysts' estimates, with earnings per share of $0.73, which is an increase from $0.53 EPS in the same quarter last year.
• Several analysts have raised their price targets for Arista Networks, with Barclays setting a new target of $179.00, indicating strong sentiment and a consensus rating of "Moderate Buy" among industry experts.

Moody Lynn & Lieberson LLC increased its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 149.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,116 shares of the technology company's stock after acquiring an additional 39,056 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in Arista Networks were worth $6,662,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ANET. HighMark Wealth Management LLC raised its holdings in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC purchased a new position in shares of Arista Networks in the first quarter worth approximately $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks during the first quarter valued at approximately $33,000. Costello Asset Management INC lifted its position in shares of Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock valued at $35,000 after acquiring an additional 154 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after purchasing an additional 143 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Shares of NYSE ANET opened at $142.53 on Monday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The business's 50-day moving average price is $134.23 and its two-hundred day moving average price is $104.52. The company has a market capitalization of $179.14 billion, a P/E ratio of 56.06, a price-to-earnings-growth ratio of 2.97 and a beta of 1.49.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business's quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of the 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 owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction 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 in the company, valued at $799,567,735.71. This represents a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock worth $893,636,121 over the last ninety days. 3.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ANET shares. Barclays boosted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. William Blair reiterated an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. Wells Fargo & Company increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Melius Research raised 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. Finally, Needham & Company LLC lifted their target price on Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

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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