GW Henssler & Associates Ltd. boosted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 329.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,707 shares of the technology company's stock after acquiring an additional 205,299 shares during the period. GW Henssler & Associates Ltd.'s holdings in Arista Networks were worth $20,742,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Arista Networks by 381.5% in the fourth quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after acquiring an additional 206 shares during the last quarter. Dunhill Financial LLC raised its stake in Arista Networks by 415.7% during 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 during the period. McIlrath & Eck LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at approximately $35,000. HighMark Wealth Management LLC raised its holdings in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after acquiring an additional 230 shares during the period. Finally, Cloud Capital Management LLC bought a new stake in shares of Arista Networks in the first quarter worth $30,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ANET has been the subject of several analyst reports. Needham & Company LLC raised their target price on shares of Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup upped their target price on shares of Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. BNP Paribas Exane downgraded shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a research note on Wednesday, June 11th. KGI Securities downgraded Arista Networks to a "neutral" rating in a research report on Wednesday, May 7th. Finally, UBS Group raised their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $138.79.
Read Our Latest Stock Analysis on Arista Networks
Insider Buying and Selling at Arista Networks
In related news, CEO Jayshree Ullal sold 24,040 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $132.77, for a total transaction of $3,191,790.80. Following the sale, the chief executive officer owned 9,917 shares of the company's stock, valued at $1,316,680.09. This represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the transaction, the senior vice president owned 12,976 shares in the company, valued at $1,771,353.76. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,839,614 shares of company stock valued at $724,163,153 in the last quarter. Company insiders own 3.54% of the company's stock.
Arista Networks Stock Performance
NYSE:ANET traded up $3.84 during mid-day trading on Thursday, hitting $141.22. 6,574,446 shares of the stock were exchanged, compared to its average volume of 10,328,202. The firm's 50-day simple moving average is $120.83 and its 200 day simple moving average is $98.11. The stock has a market capitalization of $177.49 billion, a price-to-earnings ratio of 55.54, a price-to-earnings-growth ratio of 3.21 and a beta of 1.50. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $142.50.
Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for 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%.The company's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.
About Arista Networks
(
Free Report)
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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