Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $4.96 Million Position in Arista Networks, Inc. $ANET

Key Points

• Empirical Financial Services LLC increased its stake in Arista Networks by 5.0% during the second quarter, bringing its total ownership to 48,428 shares worth approximately $4.96 million.
• After the recent quarterly earnings report, Arista Networks reported earnings per share of $0.73, surpassing analysts' expectations of $0.65, along with a 30.4% year-over-year revenue increase.
• Company CEO Jayshree Ullal sold 1.78 million shares of Arista Networks, significantly decreasing personal ownership by 23.86% following the sale.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,428 shares of the technology company's stock after purchasing an additional 2,317 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Arista Networks were worth $4,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANET. HighMark Wealth Management LLC increased its stake in 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 purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Arista Networks during the 1st quarter worth $30,000. Saudi Central Bank purchased a new position in Arista Networks during the 1st quarter worth $33,000. Tradewinds Capital Management LLC boosted its holdings in 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 acquiring an additional 143 shares during the last quarter. Finally, Costello Asset Management INC boosted its holdings in 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 acquiring an additional 154 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $144.55 on Friday. The company's 50-day moving average is $136.91 and its 200 day moving average is $105.93. The company has a market capitalization of $181.68 billion, a P/E ratio of 56.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. 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 quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the 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 completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 6,670,904 shares of company stock worth $892,841,241 in the last three months. 3.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. BNP Paribas Exane raised shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price objective on the stock in a report on Thursday, September 25th. Rosenblatt Securities lifted their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Melius Research lifted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Finally, KeyCorp lifted their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $162.00.

About Arista Networks

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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