Carr Financial Group Corp Purchases Shares of 6,091 Arista Networks, Inc. $ANET

Key Points

• Carr Financial Group Corp has acquired 6,091 shares of Arista Networks, Inc. (NYSE: ANET) valued at approximately $623,000, marking a new position in the company as reported in their recent 13F filing.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock for over $243 million, resulting in a 23.86% decrease in her ownership.
• Arista Networks' Q2 earnings surpassed analysts' expectations with a profit of $0.73 per share, also reporting a 30.4% year-over-year revenue increase to $2.20 billion.

Carr Financial Group Corp acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,091 shares of the technology company's stock, valued at approximately $623,000.

Several other institutional investors have also added to or reduced their stakes in ANET. Brighton Jones LLC grew its stake in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Arista Networks in the 4th quarter valued at about $202,000. Bank Pictet & Cie Europe AG grew its position in shares of Arista Networks by 433.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock worth $1,200,000 after purchasing an additional 8,822 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Arista Networks during the fourth quarter worth approximately $251,000. Finally, Mackenzie Financial Corp raised its position in shares of Arista Networks by 610.0% in the fourth quarter. Mackenzie Financial Corp now owns 185,792 shares of the technology company's stock valued at $20,536,000 after buying an additional 159,623 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 7,640,614 shares of company stock valued at $992,096,077. 3.54% of the stock is owned by corporate insiders.

Arista Networks Trading Down 1.1%

Shares of Arista Networks stock opened at $143.82 on Wednesday. The firm's 50 day moving average is $132.32 and its 200 day moving average is $103.02. The firm has a market capitalization of $180.76 billion, a PE ratio of 56.57, a price-to-earnings-growth ratio of 3.03 and a beta of 1.50. 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 issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for 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 posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of recent research reports. Citigroup raised their price objective on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Melius Research upped their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Wedbush initiated coverage on shares of Arista Networks in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Rosenblatt Securities upped their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Finally, KeyCorp increased their price target on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Arista Networks presently has an average rating of "Moderate Buy" and a consensus target price of $157.88.

About Arista Networks

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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