Baugh & Associates LLC Takes Position in Arista Networks, Inc. $ANET

Key Points

• Baugh & Associates LLC has acquired a new stake in Arista Networks, Inc. worth approximately $1.91 million, purchasing 18,633 shares in the second quarter.
• According to recent analyst reports, Arista Networks has received upgrades, with firms like KeyCorp and Barclays increasing their target prices to $145 and $179 respectively, while maintaining a "Moderate Buy" rating.
• Insider transactions show significant selling activity, with CEO Jayshree Ullal selling over 1.24 million shares, reducing her ownership by 18.82%.

Baugh & Associates LLC bought a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,633 shares of the technology company's stock, valued at approximately $1,906,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. Wesbanco Bank Inc. lifted its position 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 purchasing an additional 100 shares in the last quarter. CX Institutional boosted its holdings in shares of Arista Networks by 1.4% during the 2nd quarter. CX Institutional now owns 7,703 shares of the technology company's stock valued at $788,000 after purchasing an additional 110 shares during the last quarter. Clearstead Trust LLC boosted its position in shares of Arista Networks by 5.1% in the 1st quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock worth $190,000 after purchasing an additional 119 shares in the last quarter. Pier 88 Investment Partners LLC increased its holdings in shares of Arista Networks by 1.5% in the first quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock valued at $617,000 after purchasing an additional 120 shares during the last quarter. Finally, Optimum Investment Advisors increased its position in Arista Networks by 31.3% during the first quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock worth $41,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. KeyCorp upped their price target on Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised their price target on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Wedbush initiated coverage on Arista Networks in a report on Wednesday, May 28th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Finally, Redburn Atlantic began coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set a "buy" rating and a $112.00 price objective on the stock. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $157.88.

Arista Networks Stock Up 1.9%

Shares of Arista Networks stock traded up $2.85 during trading on Friday, reaching $149.51. 17,808,627 shares of the stock were exchanged, compared to its average volume of 9,369,324. The stock's fifty day moving average is $130.85 and its 200 day moving average is $102.30. The firm has a market cap of $187.91 billion, a price-to-earnings ratio of 58.80, a price-to-earnings-growth ratio of 3.12 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 quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the firm earned $0.53 EPS. The firm's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 30,000 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company's stock, valued at $1,839,867.04. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,582,614 shares of company stock worth $983,487,717. Insiders own 3.54% of the company's stock.

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.