GC Wealth Management RIA LLC Acquires 26,434 Shares of Arista Networks, Inc. $ANET

Key Points

• GC Wealth Management RIA LLC has increased its ownership of Arista Networks by 76.2%, acquiring an additional 26,434 shares, bringing its total to 61,122 shares, valued at $6,253,000.
• CEO Jayshree Ullal sold 1,785,165 shares for over $243 million, resulting in a 23.86% reduction in her holdings.
• Arista Networks recently received positive ratings upgrades from several analysts, with price targets ranging from $155 to $185 and an overall rating of "Moderate Buy".

GC Wealth Management RIA LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 76.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,122 shares of the technology company's stock after acquiring an additional 26,434 shares during the quarter. GC Wealth Management RIA LLC's holdings in Arista Networks were worth $6,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ibex Wealth Advisors grew its stake in Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after purchasing an additional 7,329 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Arista Networks during the first quarter valued at about $629,000. Commonwealth Equity Services LLC boosted its holdings in shares of Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after buying an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Arista Networks in the 1st quarter worth approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Arista Networks by 94.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock worth $50,363,000 after buying an additional 316,309 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the sale, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 6,678,904 shares of company stock valued at $893,636,121 over the last three months. Insiders own 3.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Needham & Company LLC upped their price target on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. UBS Group increased their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup boosted their target price on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Wolfe Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks presently has an average rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Price Performance

NYSE:ANET opened at $142.53 on Monday. The company's fifty day moving average price is $134.23 and its 200-day moving average price is $104.52. The firm has a market capitalization of $179.14 billion, a P/E ratio of 56.06, a PEG ratio of 2.97 and a beta of 1.49. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year 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, beating 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 during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The company's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS 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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