Aspiriant LLC Buys New Position in Arista Networks, Inc. $ANET

Key Points

• Aspiriant LLC has acquired a new stake in Arista Networks, Inc. by purchasing 2,986 shares valued at approximately $305,000 in the second quarter.
• The CEO of Arista Networks, Jayshree Ullal, sold 1,785,165 shares for over $243 million, resulting in a 23.86% decrease in her position.
• Analysts have recently set new price targets for Arista Networks, with Morgan Stanley targeting $171 and Wolfe Research raising it to $185, reflecting a positive outlook on the stock.

Aspiriant LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,986 shares of the technology company's stock, valued at approximately $305,000.

Other hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its position in shares of Arista Networks by 1.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company's stock valued at $618,000 after purchasing an additional 95 shares in the last quarter. 1900 Wealth Management LLC increased its stake in Arista Networks by 2.3% in the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company's stock valued at $444,000 after buying an additional 98 shares during the last quarter. Wesbanco Bank Inc. lifted its position in shares of Arista Networks by 2.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company's stock worth $461,000 after buying an additional 100 shares in the last quarter. XML Financial LLC boosted its stake in shares of Arista Networks by 0.6% in the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company's stock worth $1,656,000 after buying an additional 100 shares during the last quarter. Finally, Hemington Wealth Management grew its holdings in shares of Arista Networks by 28.2% in the second quarter. Hemington Wealth Management now owns 459 shares of the technology company's stock valued at $46,000 after acquiring an additional 101 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Shares of ANET opened at $143.10 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The business has a 50-day moving average of $142.11 and a 200 day moving average of $111.15. The firm has a market cap of $179.86 billion, a P/E ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last issued its 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 firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the sale, the chief executive officer owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 6,622,904 shares of company stock valued at $887,794,521. 3.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ANET has been the topic of a number of recent analyst reports. Morgan Stanley set a $171.00 price target on Arista Networks and gave the stock an "overweight" rating in a report on Friday, October 10th. Wolfe Research raised their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Rosenblatt Securities increased their price target on shares of Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, September 12th. Finally, Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $163.94.

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.

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