Jacobsen Capital Management Acquires New Shares in Arista Networks, Inc. $ANET

Key Points

• Jacobsen Capital Management has acquired 2,679 shares of Arista Networks, valued at approximately $274,000, during the second quarter.
• Insider sales at Arista Networks included CEO Jayshree Ullal selling over 1.2 million shares, amounting to around $185.3 million, resulting in an 18.82% reduction in her ownership.
• Analysts have shown strong support for Arista Networks, with many raising their price targets, resulting in an average target of $163.94 and a consensus rating of "Moderate Buy."

Jacobsen Capital Management bought a new stake 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 Securities and Exchange Commission. The fund bought 2,679 shares of the technology company's stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANET. Wealthcare Advisory Partners LLC lifted its holdings in shares of Arista Networks by 1.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company's stock worth $618,000 after acquiring an additional 95 shares during the last quarter. 1900 Wealth Management LLC increased its stake in Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company's stock valued at $444,000 after acquiring an additional 98 shares during the last quarter. Wesbanco Bank Inc. raised its position in Arista Networks by 2.3% during the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company's stock valued at $461,000 after purchasing an additional 100 shares in the last quarter. XML Financial LLC lifted its stake in Arista Networks by 0.6% during the second quarter. XML Financial LLC now owns 16,185 shares of the technology company's stock worth $1,656,000 after purchasing an additional 100 shares during the last quarter. Finally, Hemington Wealth Management boosted its holdings in shares of Arista Networks by 28.2% in the 2nd quarter. Hemington Wealth Management now owns 459 shares of the technology company's stock worth $46,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the transaction, the director directly owned 41,784 shares in the company, valued at approximately $6,162,722.16. This trade represents a 16.07% 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 company's stock in a transaction that occurred 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 owned 5,383,207 shares in the company, 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. Insiders have sold 6,678,904 shares of company stock valued at $895,788,521 in the last three months. 3.54% of the stock is currently owned by company insiders.

Arista Networks Price Performance

ANET stock opened at $145.87 on Wednesday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The firm has a 50-day moving average of $142.38 and a 200 day moving average of $112.24. The company has a market cap of $183.34 billion, a P/E ratio of 57.37, a PEG ratio of 3.05 and a beta of 1.47.

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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ANET shares. Citigroup raised their price objective on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a report on Friday, September 12th. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. The Goldman Sachs Group raised their price objective on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, September 12th. William Blair reissued an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, Evercore ISI lifted their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $163.94.

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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