HBW Advisory Services LLC Invests $345,000 in Arista Networks, Inc. $ANET

Key Points

• HBW Advisory Services LLC invested approximately $345,000 in Arista Networks, purchasing 3,376 shares during the second quarter.
• CEO Jayshree Ullal sold over 1.7 million shares of the company's stock, decreasing her ownership by 23.86% following the transaction.
• Analysts have recently raised their price targets for Arista Networks, with Barclays and Evercore ISI setting new targets at $179.00 and $175.00, respectively, both maintaining positive ratings for the stock.

HBW Advisory Services LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,376 shares of the technology company's stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in shares of Arista Networks during the 4th quarter worth $35,000. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% during 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 during the last quarter. Cloud Capital Management LLC bought a new stake in shares of Arista Networks during the 1st quarter worth $30,000. Ameriflex Group Inc. bought a new stake in shares of Arista Networks during the 4th quarter worth $46,000. Finally, Saudi Central Bank bought a new stake in shares of Arista Networks during the 1st quarter worth $33,000. Institutional investors own 82.47% of the company's stock.

Insider Transactions 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 shares were 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 approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 7,582,614 shares of company stock worth $980,712,097. 3.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ANET. Barclays upped their price objective on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday. Evercore ISI upped their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday. William Blair restated an "outperform" rating on shares of Arista Networks in a research report on Friday. Needham & Company LLC increased their target price on Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Piper Sandler increased their target price on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.56.

Arista Networks Trading Down 8.9%

Arista Networks stock opened at $139.35 on Monday. The company has a market capitalization of $175.14 billion, a PE ratio of 54.81, a P/E/G ratio of 3.28 and a beta of 1.49. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The stock has a 50-day moving average price of $126.85 and a two-hundred day moving average price of $100.27.

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, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm's revenue was up 30.4% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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.

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