Cornell Pochily Investment Advisors Inc. Invests $220,000 in Arista Networks, Inc. $ANET

Key Points

• Cornell Pochily Investment Advisors Inc. has invested $220,000 in Arista Networks, Inc., acquiring 2,152 shares during the second quarter, highlighting growing institutional interest in the company.
• Insider selling was significant, with CEO Jayshree Ullal selling over 1.2 million shares, representing an 18.82% decrease in ownership, as insiders collectively sold around $892 million worth of shares in the past ninety days.
• Analysts are optimistic, with several raising their price targets for Arista Networks, including Wells Fargo & Company which increased its target from $150.00 to $175.00, suggesting a favorable outlook for the company's stock performance.

Cornell Pochily Investment Advisors Inc. bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,152 shares of the technology company's stock, valued at approximately $220,000.

Several other large investors have also made changes to their positions in ANET. HighMark Wealth Management LLC raised its stake 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 buying an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks during the 1st quarter worth approximately $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks during the 1st quarter worth approximately $33,000. Tradewinds Capital Management LLC raised its stake in shares of Arista Networks by 45.8% during 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 during the period. Finally, Costello Asset Management INC raised its stake in shares of Arista Networks by 51.3% during 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 period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 30,000 shares of the firm's stock in a transaction dated 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 approximately $1,839,867.04. This trade represents a 69.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,670,904 shares of company stock valued at $892,841,241. 3.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Piper Sandler increased their price objective on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Rosenblatt Securities increased their price objective on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, September 12th. Finally, Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Trading Down 3.2%

NYSE ANET opened at $144.55 on Friday. The stock has a fifty day simple moving average of $136.91 and a 200-day simple moving average of $105.93. The stock has a market cap of $181.68 billion, a PE ratio of 56.85, a P/E/G 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.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company's quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

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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