HB Wealth Management LLC Has $2.94 Million Position in Arista Networks, Inc. $ANET

Key Points

• HB Wealth Management LLC has reduced its stake in Arista Networks, Inc. ($ANET) by 8.1%, now holding 28,752 shares valued at $2.94 million.
• The CEO Jayshree Ullal sold 1.78 million shares on August 6th for approximately $243 million, representing a 23.86% decrease in her holdings.
• Analysts have raised their target prices for Arista Networks, with UBS and Barclays setting new targets of $155 and $179 respectively, reflecting a strong buy sentiment among investment analysts.

HB Wealth Management LLC reduced its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,752 shares of the technology company's stock after selling 2,533 shares during the period. HB Wealth Management LLC's holdings in Arista Networks were worth $2,942,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in Arista Networks by 137.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 310,166 shares of the technology company's stock worth $31,733,000 after acquiring an additional 179,286 shares during the period. SWS Partners grew its stake in shares of Arista Networks by 3.6% in the 2nd quarter. SWS Partners now owns 21,676 shares of the technology company's stock valued at $2,218,000 after buying an additional 747 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of Arista Networks by 3.9% in the 2nd quarter. Wolff Wiese Magana LLC now owns 4,348 shares of the technology company's stock valued at $445,000 after buying an additional 162 shares during the period. Moss Adams Wealth Advisors LLC acquired a new stake in shares of Arista Networks in the 2nd quarter valued at about $249,000. Finally, GC Wealth Management RIA LLC grew its stake in shares of Arista Networks by 76.2% in the 2nd quarter. GC Wealth Management RIA LLC now owns 61,122 shares of the technology company's stock valued at $6,253,000 after buying an additional 26,434 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the business'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 transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 6,670,904 shares of company stock valued at $892,841,241. 3.39% of the stock is owned by insiders.

Analysts Set New Price Targets

ANET has been the subject of several research reports. UBS Group raised their target price on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays raised their target price on Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. William Blair restated an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. raised their target price on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Stock Performance

ANET stock opened at $149.32 on Thursday. The company has a market capitalization of $187.67 billion, a P/E ratio of 58.73, a price-to-earnings-growth ratio of 3.04 and a beta of 1.47. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The business has a 50-day simple moving average of $136.30 and a two-hundred day simple moving average of $105.52.

Arista Networks (NYSE:ANET - Get Free Report) last announced its 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. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks Company 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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