Ballew Advisors Inc Invests $231,000 in Arista Networks, Inc. $ANET

Key Points

• Ballew Advisors Inc invested approximately $231,000 in Arista Networks, acquiring 2,255 shares during the second quarter.
• Arista Networks reported a 30.4% year-over-year revenue increase with $0.73 earnings per share for the last quarter, surpassing analysts' expectations.
• Insider selling was notable, with CEO Jayshree Ullal offloading 1.25 million shares valued at around $185 million, reducing her ownership by 18.82%.

Ballew Advisors Inc purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,255 shares of the technology company's stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. RMR Wealth Builders grew its holdings in shares of Arista Networks by 2.5% during the second quarter. RMR Wealth Builders now owns 31,423 shares of the technology company's stock worth $3,215,000 after buying an additional 781 shares in the last quarter. Gallacher Capital Management LLC grew its holdings in shares of Arista Networks by 6.7% during the second quarter. Gallacher Capital Management LLC now owns 6,274 shares of the technology company's stock worth $642,000 after buying an additional 392 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Arista Networks by 6.4% during the second quarter. Parallel Advisors LLC now owns 59,658 shares of the technology company's stock worth $6,104,000 after buying an additional 3,601 shares in the last quarter. Fox Hill Wealth Management grew its holdings in shares of Arista Networks by 4.4% during the second quarter. Fox Hill Wealth Management now owns 35,179 shares of the technology company's stock worth $3,599,000 after buying an additional 1,470 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its holdings in shares of Arista Networks by 2.3% during the second 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. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

ANET opened at $139.35 on Monday. The firm has a 50 day moving average price of $126.85 and a 200 day moving average price of $100.27. The company has a market cap of $175.14 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 3.28 and a beta of 1.49. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32.

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

Insider Buying and Selling at Arista Networks

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 value of $185,319,098.64. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares of the company's stock, valued at $1,771,353.76. This trade represents a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,582,614 shares of company stock valued at $980,712,097 over the last 90 days. 3.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wedbush assumed coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. William Blair reiterated an "outperform" rating on shares of Arista Networks in a report on Friday. Rosenblatt Securities increased their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Wolfe Research increased their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a report on Friday. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.56.

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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