Clean Yield Group Increases Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Clean Yield Group increased its stake in Arista Networks by 4.0%, owning 53,449 shares valued at approximately $5.47 million, making it the firm's 20th largest holding.
• Arista Networks reported earnings of $0.73 per share for the last quarter, exceeding estimates, with significant revenue growth of 30.4% compared to the same quarter last year.
• Various analysts have upgraded their ratings and target prices for Arista Networks, with a consensus rating of "Moderate Buy" and a target price of $162.00 among 21 analysts surveyed.

Clean Yield Group lifted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,449 shares of the technology company's stock after purchasing an additional 2,080 shares during the quarter. Arista Networks comprises about 1.6% of Clean Yield Group's holdings, making the stock its 20th biggest holding. Clean Yield Group's holdings in Arista Networks were worth $5,468,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. HighMark Wealth Management LLC grew its holdings in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC purchased a new position in Arista Networks during the first quarter worth about $30,000. Saudi Central Bank purchased a new position in Arista Networks during the first quarter worth about $33,000. Costello Asset Management INC boosted its stake in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after buying an additional 154 shares during the period. Finally, Tradewinds Capital Management LLC boosted its stake in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Down 0.4%

Shares of NYSE:ANET opened at $142.53 on Monday. The firm's 50 day moving average price is $134.23 and its 200 day moving average price is $104.52. The stock has a market cap of $179.14 billion, a price-to-earnings ratio of 56.06, a price-to-earnings-growth ratio of 2.97 and a beta of 1.49. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week 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 the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter last year, the company earned $0.53 earnings per share. 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. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 58,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,678,904 shares of company stock valued at $893,636,121. 3.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ANET shares. Piper Sandler increased their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Rosenblatt Securities increased their target price on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, September 12th. BNP Paribas raised shares of Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday. BNP Paribas Exane raised shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price objective for the company in a research note on Thursday. Finally, UBS Group raised their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

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.

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