Kingswood Wealth Advisors LLC Has $658,000 Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in Arista Networks, Inc. by 42.5%, holding shares valued at $658,000 after selling 4,761 shares during the 2nd quarter.
• CEO Jayshree Ullal sold 1,785,165 shares for over $243 million, reflecting a 23.86% decrease in her position.
• Arista Networks reported a 30.4% increase in revenue year-over-year for the quarter, exceeding analysts' estimates with earnings of $0.73 per share.

Kingswood Wealth Advisors LLC lessened its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 42.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,433 shares of the technology company's stock after selling 4,761 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Arista Networks were worth $658,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Arista Networks by 1.8% during the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after acquiring an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after purchasing an additional 1,889,198 shares during the last quarter. Nuveen LLC acquired a new position in Arista Networks during the 1st quarter valued at about $933,626,000. Northern Trust Corp boosted its stake in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock valued at $799,244,000 after purchasing an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after buying an additional 2,594,184 shares during the period. Institutional investors and hedge funds 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 firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 6,678,904 shares of company stock worth $894,021,161 over the last 90 days. 3.39% of the stock is owned by corporate insiders.

Arista Networks Price Performance

Shares of NYSE ANET opened at $158.57 on Friday. The firm has a market cap of $199.30 billion, a price-to-earnings ratio of 62.37, a P/E/G ratio of 3.28 and a beta of 1.47. The stock's fifty day moving average price is $140.11 and its two-hundred day moving average price is $108.23. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $159.80.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm 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%.The company's revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ANET shares. Needham & Company LLC upped their target price on shares of Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Citigroup boosted their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Piper Sandler increased their target price on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, BNP Paribas raised shares of Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $162.00.

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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