Consolidated Portfolio Review Corp Invests $248,000 in Arista Networks, Inc. $ANET

Key Points

• Consolidated Portfolio Review Corp has invested approximately $248,000 in Arista Networks, purchasing 2,420 shares in the second quarter, reflecting increased institutional interest in the technology firm.
• Arista Networks reported a 30.4% year-over-year revenue increase for the last quarter, achieving $2.20 billion in revenue and exceeding earnings estimates with an EPS of $0.73.
• Multiple research firms have raised their price targets for Arista Networks, with an average price target of $162.00, indicating a consensus "Moderate Buy" rating from analysts.

Consolidated Portfolio Review Corp purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,420 shares of the technology company's stock, valued at approximately $248,000.

Other institutional investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC boosted its position 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 valued at $28,000 after acquiring an additional 230 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in Arista Networks during the first quarter valued at $30,000. Saudi Central Bank bought a new position in Arista Networks during the first quarter valued at $33,000. Tradewinds Capital Management LLC grew its stake in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after buying an additional 143 shares in the last quarter. Finally, Costello Asset Management INC increased its holdings in shares of Arista Networks by 51.3% in the 1st 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 last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Trading Down 3.2%

NYSE:ANET opened at $144.55 on Friday. The company has a market cap of $181.68 billion, a price-to-earnings ratio of 56.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32. The stock has a fifty day simple moving average of $136.91 and a 200-day simple moving average of $105.93.

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 the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion for 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 firm's revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ANET. Needham & Company LLC lifted their price target on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Morgan Stanley raised their price objective on Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Citigroup increased their price target on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, UBS Group lifted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the transaction, the insider owned 12,976 shares of the company's stock, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,670,904 shares of company stock worth $892,841,241. Company insiders own 3.39% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.