Mutual Advisors LLC Has $2.17 Million Position in Arista Networks, Inc. $ANET

Mutual Advisors LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 18.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,202 shares of the technology company's stock after buying an additional 3,308 shares during the period. Mutual Advisors LLC's holdings in Arista Networks were worth $2,169,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ANET. HighMark Wealth Management LLC boosted its stake in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Arista Networks during the first quarter worth $30,000. Saudi Central Bank acquired a new stake in Arista Networks during the first quarter worth $33,000. REAP Financial Group LLC boosted its stake in Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after buying an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in 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 buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Analysts Set New Price Targets

ANET has been the topic of several analyst reports. Zacks Research lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Rosenblatt Securities upped their target price on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. The Goldman Sachs Group upped their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an "overweight" rating in a report on Friday, October 10th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $163.94.

Arista Networks Stock Up 1.8%

Shares of NYSE ANET opened at $145.90 on Friday. The firm's 50-day simple moving average is $142.03 and its 200 day simple moving average is $110.49. The company has a market cap of $183.38 billion, a price-to-earnings ratio of 57.38, a price-to-earnings-growth ratio of 2.99 and a beta of 1.47. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month 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 the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 6,622,904 shares of company stock worth $887,794,521. 3.39% of the stock is owned by corporate insiders.

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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