Catalyst Private Wealth LLC Invests $241,000 in Arista Networks, Inc. $ANET

Key Points

• Catalyst Private Wealth LLC has made a new investment of approximately $241,000 in Arista Networks, acquiring 2,356 shares during the second quarter.
• Arista Networks recently received several upgrades from analysts, with price targets being boosted significantly by firms such as Piper Sandler and Evercore ISI, reflecting a positive outlook on the stock.
• Company insiders, including CEO Jayshree Ullal, have sold substantial amounts of stock, with Ullal selling over 1.2 million shares valued at $185 million, indicating shifts in insider ownership.

Catalyst Private Wealth LLC purchased 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 disclosure with the SEC. The institutional investor purchased 2,356 shares of the technology company's stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ANET. HighMark Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 230 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Arista Networks during the 1st quarter worth approximately $30,000. Saudi Central Bank bought a new position in Arista Networks in the 1st quarter valued at approximately $33,000. McIlrath & Eck LLC bought a new position in Arista Networks in the 4th quarter valued at approximately $35,000. Finally, Tradewinds Capital Management LLC lifted 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 valued at $35,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Trading Up 1.9%

Shares of ANET traded up $2.85 during trading hours on Friday, reaching $149.51. 17,808,627 shares of the stock traded hands, compared to its average volume of 8,846,882. The stock has a fifty day simple moving average of $130.85 and a 200 day simple moving average of $102.07. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The company has a market cap of $187.91 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 3.06 and a beta of 1.50.

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

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at $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 is available at this link. Insiders have sold 7,582,614 shares of company stock worth $983,487,717 over the last 90 days. 3.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Barclays increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. BNP Paribas Exane downgraded shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target for the company. in a research note on Wednesday, June 11th. Finally, Citigroup raised their price target on shares of Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.88.

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.