Kieckhefer Group LLC Invests $205,000 in Arista Networks, Inc. $ANET

Key Points

• Kieckhefer Group LLC has made a new investment in Arista Networks, Inc., acquiring 2,000 shares valued at approximately $205,000 during the 2nd quarter.
• Insider sales included Kenneth Duda selling 30,000 shares and CEO Jayshree Ullal selling 1,247,688 shares, indicating significant decreases in their respective ownerships.
• Arista Networks has received multiple analyst ratings upgrades, with price targets now ranging from $140.00 to $176.00, reflecting a consensus rating of "Moderate Buy."

Kieckhefer Group LLC bought a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the technology company's stock, valued at approximately $205,000.

Other large investors have also recently bought and sold shares of the company. DSG Capital Advisors LLC bought a new stake in shares of Arista Networks in the fourth quarter valued at approximately $5,984,000. Ibex Wealth Advisors raised its position in Arista Networks by 14.4% in the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock worth $4,501,000 after buying an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Arista Networks in the first quarter worth about $629,000. Commonwealth Equity Services LLC grew its position in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Arista Networks during the first quarter worth $15,227,000. 82.47% of the stock is owned by institutional investors.

Arista Networks Price Performance

ANET stock traded down $4.10 during trading hours on Monday, reaching $145.51. The stock had a trading volume of 8,663,402 shares, compared to its average volume of 9,369,324. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32. The stock has a market capitalization of $182.89 billion, a PE ratio of 57.23, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. The stock has a 50-day simple moving average of $131.59 and a 200 day simple moving average of $102.73.

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 business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.53 EPS. Arista Networks's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ANET shares. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Barclays increased their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Melius Research lifted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Wedbush started coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set an "outperform" rating for the company. Finally, Needham & Company LLC lifted their target price on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.88.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares of the company's stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the 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 owned 12,976 shares of the company's stock, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,582,614 shares of company stock valued at $983,487,717. 3.54% of the stock is owned by company insiders.

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.