Huntleigh Advisors Inc. Sells 3,061 Shares of Arista Networks, Inc. $ANET

Key Points

• Huntleigh Advisors Inc. has decreased its stake in Arista Networks by 38.6%, selling 3,061 shares, and now holds a total of 4,875 shares worth approximately $499,000.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks at an average price of $136.22, marking a 23.86% decrease in their ownership.
• Analysts have raised their price targets for Arista Networks, with UBS increasing their price objective to $155.00 and Barclays setting it at $179.00, reflecting a strong positive outlook for the company.

Huntleigh Advisors Inc. decreased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 38.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,875 shares of the technology company's stock after selling 3,061 shares during the quarter. Huntleigh Advisors Inc.'s holdings in Arista Networks were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ANET. HighMark Wealth Management LLC increased its stake in Arista Networks by 179.7% in the 1st 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 last quarter. Cloud Capital Management LLC bought a new stake in Arista Networks in the 1st quarter worth approximately $30,000. Saudi Central Bank bought a new stake in Arista Networks in the 1st quarter worth approximately $33,000. REAP Financial Group LLC increased its stake in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after acquiring an additional 175 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction 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 of the company's stock, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 6,622,904 shares of company stock valued at $887,794,521. Corporate insiders own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group lifted their price objective on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays boosted their target price on Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Wolfe Research boosted 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. Morgan Stanley set a $171.00 target price on Arista Networks and gave the company an "overweight" rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Arista Networks in a research report on Tuesday, October 14th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $163.94.

Arista Networks Stock Down 2.0%

Shares of Arista Networks stock opened at $143.10 on Friday. The stock's fifty day moving average is $142.11 and its two-hundred day moving average is $111.15. The company has a market capitalization of $179.86 billion, a PE ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion for 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%.Arista Networks's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current 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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