High Net Worth Advisory Group LLC Acquires Shares of 2,300 Arista Networks, Inc. $ANET

Key Points

• High Net Worth Advisory Group LLC invested approximately $235,000 in Arista Networks, purchasing 2,300 shares of the technology stock during the second quarter.
• Wall Street analysts have recently increased their price targets for Arista Networks, with Barclays setting a new target of $179.00 and Goldman Sachs at $175.00, reflecting a positive outlook on the stock.
• Insider trading activity includes CEO Jayshree Ullal selling over 1.7 million shares, reducing her holdings by nearly 24%, indicating potential shifts in confidence among company management.

High Net Worth Advisory Group LLC bought a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 2,300 shares of the technology company's stock, valued at approximately $235,000.

Other hedge funds have also recently modified their holdings of the company. HighMark Wealth Management LLC lifted its position 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 purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Arista Networks in the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the 1st quarter valued at about $33,000. McIlrath & Eck LLC purchased a new stake in shares of Arista Networks during the 4th quarter worth about $35,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Activity

In related news, insider Kenneth Duda sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer directly owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,582,614 shares of company stock worth $983,487,717. Insiders own 3.39% of the company's stock.

Arista Networks Stock Performance

Shares of NYSE:ANET traded up $2.85 on Friday, hitting $149.51. 17,808,627 shares of the company were exchanged, compared to its average volume of 8,846,882. The firm has a market capitalization of $187.91 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 3.12 and a beta of 1.50. The company's 50 day moving average price is $130.85 and its two-hundred day moving average price is $102.17. Arista Networks, Inc. has a one year low of $59.43 and a one 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, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ANET. Evercore ISI boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. BNP Paribas lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group lifted their price target on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. KeyCorp boosted their target price on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, William Blair reiterated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $157.88.

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.