Mezzasalma Advisors LLC Acquires 1,747 Shares of Arista Networks, Inc. $ANET

Key Points

• Mezzasalma Advisors LLC increased its stake in Arista Networks by 1.7%, holding a total of 104,099 shares valued at approximately $10.65 million.
• Arista Networks reported a Q2 profit of $0.73 per share, exceeding estimates of $0.65, with revenues of $2.20 billion, reflecting a year-over-year growth of 30.4%.
• Analysts have notably raised their price targets for Arista Networks, with Melius Research setting a new target of $185.00, indicating strong bullish sentiment towards the stock.

Mezzasalma Advisors LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,099 shares of the technology company's stock after purchasing an additional 1,747 shares during the quarter. Arista Networks comprises approximately 3.2% of Mezzasalma Advisors LLC's portfolio, making the stock its 10th biggest position. Mezzasalma Advisors LLC's holdings in Arista Networks were worth $10,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC boosted its holdings in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Arista Networks in the first quarter valued at $30,000. Saudi Central Bank acquired a new position in Arista Networks in the first quarter valued at $33,000. REAP Financial Group LLC boosted its stake in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after acquiring an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Arista Networks by 45.8% during the first 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 last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Stock Performance

ANET stock opened at $143.10 on Friday. The stock 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. The company has a fifty day moving average of $142.11 and a 200-day moving average of $111.15. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business's revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ANET. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Piper Sandler boosted their price objective on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised 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. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arista Networks in a report on Tuesday, October 14th. Finally, Wolfe Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Arista Networks has a consensus rating of "Moderate Buy" and a consensus price target of $163.94.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred 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 sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 6,622,904 shares of company stock worth $887,794,521. Corporate insiders own 3.39% of the company's stock.

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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