Arista Networks, Inc. $ANET Position Increased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Arista Networks by 353.8% in Q1, holding shares worth approximately $1.48 million by the end of the reporting period.
• Analysts have a bullish outlook on Arista Networks, with fourteen giving it a Buy rating and an average price target of $138.79, reflecting strong confidence in its market potential.
• The company reported a 30.4% increase in year-over-year revenue, with quarterly earnings of $0.73 per share, exceeding expectations by $0.08.

Focus Partners Advisor Solutions LLC increased its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 353.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,095 shares of the technology company's stock after buying an additional 14,887 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Arista Networks were worth $1,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HighMark Wealth Management LLC grew its holdings in Arista Networks by 179.7% in 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 in the last quarter. Dunhill Financial LLC grew its holdings in Arista Networks by 415.7% in the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock worth $29,000 after buying an additional 212 shares in the last quarter. Cloud Capital Management LLC bought a new position in Arista Networks in the 1st quarter worth approximately $30,000. Saudi Central Bank bought a new position in Arista Networks during the 1st quarter valued at $33,000. Finally, McIlrath & Eck LLC bought a new position in Arista Networks during the 4th quarter valued at $35,000. 82.47% of the stock is owned by institutional investors.

Arista Networks Stock Up 1.2%

Shares of ANET traded up $1.66 during mid-day trading on Friday, reaching $142.83. The company's stock had a trading volume of 9,564,681 shares, compared to its average volume of 7,140,393. The business has a fifty day moving average of $122.49 and a 200 day moving average of $98.53. The company has a market cap of $179.52 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 3.36 and a beta of 1.50. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $145.46.

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

Insider Activity

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $117.01, for a total value of $936,080.00. Following the completion of the sale, the director owned 57,784 shares in the company, valued at $6,761,305.84. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jayshree Ullal sold 24,040 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $132.77, for a total value of $3,191,790.80. Following the sale, the chief executive officer owned 9,917 shares of the company's stock, valued at approximately $1,316,680.09. This represents a 70.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,839,614 shares of company stock worth $724,163,153 over the last quarter. Corporate insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ANET shares. The Goldman Sachs Group increased their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wedbush started coverage on Arista Networks in a research note on Wednesday, May 28th. They set an "outperform" rating for the company. UBS Group increased their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley reaffirmed an "overweight" rating and set a $135.00 price target (up from $125.00) on shares of Arista Networks in a research note on Wednesday. Finally, Redburn Atlantic initiated coverage on Arista Networks in a research report on Wednesday, May 28th. They set a "buy" rating and a $112.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.79.

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.