Moss Adams Wealth Advisors LLC Invests $249,000 in Arista Networks, Inc. $ANET

Key Points

• Moss Adams Wealth Advisors LLC has invested $249,000 in Arista Networks by acquiring 2,432 shares, as reported in their recent SEC filing.
• Several hedge funds, including HighMark Wealth Management and Cloud Capital Management, significantly increased their stakes in Arista Networks during the first quarter.
• Analysts have raised their price targets for Arista Networks, with JPMorgan Chase increasing it from $150 to $175, indicating a strong outlook for the company's stock.

Moss Adams Wealth Advisors LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,432 shares of the technology company's stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. HighMark Wealth Management LLC raised its stake in Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks in the first quarter valued at about $30,000. Saudi Central Bank acquired a new position in Arista Networks in the first quarter valued at about $33,000. Tradewinds Capital Management LLC raised its stake in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after purchasing an additional 143 shares in the last quarter. Finally, Costello Asset Management INC raised its stake in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ANET shares. JPMorgan Chase & Co. boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. UBS Group boosted their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Melius Research boosted their price target on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Rosenblatt Securities lifted their target price on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, September 12th. Finally, William Blair reiterated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Stock Up 0.5%

Arista Networks stock opened at $143.17 on Tuesday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32. The business's 50-day moving average price is $134.86 and its two-hundred day moving average price is $104.93. The stock has a market cap of $179.94 billion, a PE ratio of 56.31, a P/E/G ratio of 2.97 and a beta of 1.49.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business's quarterly 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. As a group, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. The trade was a 69.81% 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, 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 value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,670,904 shares of company stock worth $892,841,241. Insiders own 3.54% of the company's stock.

Arista Networks Company 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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