Focus Partners Advisor Solutions LLC Boosts Stock Position in Arista Networks, Inc. $ANET

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Arista Networks by 24.3%, acquiring an additional 4,639 shares for a total of 23,734 shares valued at approximately $2.43 million.
• Numerous institutional investors, including REAP Financial Group LLC and Tradewinds Capital Management LLC, substantially increased their holdings in Arista Networks, indicating strong institutional interest.
• Analysts remain optimistic about Arista Networks, with several brokerages raising price targets and assigning a consensus rating of "Moderate Buy" along with an average target price of $163.94.

Focus Partners Advisor Solutions LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,734 shares of the technology company's stock after acquiring an additional 4,639 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Arista Networks were worth $2,428,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC boosted its holdings in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after acquiring an additional 175 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Arista Networks in the first quarter worth about $30,000. Saudi Central Bank acquired a new stake in Arista Networks in the first quarter worth about $33,000. Costello Asset Management INC boosted its holdings in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after acquiring an additional 154 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its holdings in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on ANET. Needham & Company LLC raised their price target on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Evercore ISI lifted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Wells Fargo & Company lifted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Finally, Morgan Stanley set a $171.00 target price on Arista Networks and gave the stock an "overweight" rating in a report on Friday, October 10th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Arista Networks presently has a consensus rating of "Moderate Buy" and an average target price of $163.94.

Insider Activity

In other news, insider Kenneth Duda sold 30,000 shares of the business's stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,617,342 shares of company stock worth $888,707,954 over the last three months. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 1.0%

Shares of ANET stock opened at $154.32 on Friday. The stock has a 50 day moving average of $143.22 and a 200 day moving average of $113.95. The stock has a market cap of $193.96 billion, a P/E ratio of 60.70, a P/E/G ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly 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. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks's quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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.

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