CreativeOne Wealth LLC Has $2.89 Million Stock Position in Arista Networks, Inc. $ANET

Key Points

• CreativeOne Wealth LLC increased its holdings in Arista Networks by 11.8% in Q1, bringing their total investment to $2.89 million.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista stock, totaling over $243 million, marking a 23.86% decrease in her ownership.
• Arista Networks reported an EPS of $0.73 for the latest quarter, surpassing analyst expectations and reflecting a 30.4% year-over-year revenue growth.

CreativeOne Wealth LLC grew its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 11.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,302 shares of the technology company's stock after acquiring an additional 3,951 shares during the quarter. CreativeOne Wealth LLC's holdings in Arista Networks were worth $2,890,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC lifted its position in shares of Arista Networks by 277.5% during the 4th quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock worth $3,016,207,000 after buying an additional 20,059,303 shares during the period. Nuveen LLC bought a new position in shares of Arista Networks during the 1st quarter worth approximately $933,626,000. Nuveen Asset Management LLC lifted its position in shares of Arista Networks by 330.8% during the 4th quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock worth $1,248,169,000 after buying an additional 8,671,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arista Networks by 278.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock worth $955,126,000 after buying an additional 6,357,753 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Arista Networks by 289.1% during the 4th quarter. Ameriprise Financial Inc. now owns 7,875,759 shares of the technology company's stock worth $870,513,000 after buying an additional 5,851,653 shares during the period. Institutional investors own 82.47% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ANET. The Goldman Sachs Group raised their target price on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. BNP Paribas cut Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. KGI Securities cut Arista Networks to a "neutral" rating in a report on Wednesday, May 7th. Finally, Barclays reaffirmed an "overweight" rating and set a $151.00 price target (up from $119.00) on shares of Arista Networks in a report on Thursday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $138.07.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated Wednesday, August 6th. The stock was 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 in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 5,847,614 shares of company stock valued at $724,868,593. 3.39% of the stock is owned by company insiders.

Arista Networks Price Performance

Shares of NYSE ANET traded up $0.23 during midday trading on Friday, hitting $136.46. The stock had a trading volume of 7,957,378 shares, compared to its average volume of 9,258,330. The company's 50-day simple moving average is $118.31 and its 200 day simple moving average is $97.45. The firm has a market cap of $171.51 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $141.99.

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

Arista Networks announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

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.