OMNI 360 Wealth Inc. Has $491,000 Stake in Arista Networks, Inc. $ANET

Key Points

• OMNI 360 Wealth Inc. increased its stake in Arista Networks by 71.5% during Q2, owning 4,804 shares valued at $491,000 as per its latest SEC filing.
• Arista Networks reported a strong quarterly performance with $2.20 billion in revenue and an EPS of $0.73, exceeding analysts' expectations.
• Research analysts have mixed views on Arista's stock, with targets ranging from $106 to $175, and a consensus rating of "Moderate Buy".

OMNI 360 Wealth Inc. boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 71.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,804 shares of the technology company's stock after purchasing an additional 2,003 shares during the period. OMNI 360 Wealth Inc.'s holdings in Arista Networks were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANET. McIlrath & Eck LLC bought a new position in Arista Networks in the 4th quarter valued at $35,000. HighMark Wealth Management LLC boosted its position in 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 during the last quarter. Cloud Capital Management LLC bought a new position in Arista Networks in the 1st quarter valued at $30,000. Ameriflex Group Inc. bought a new position in Arista Networks in the 4th quarter valued at $46,000. Finally, Saudi Central Bank bought a new position in Arista Networks in the 1st quarter valued at $33,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $139.35 on Friday. The firm has a market cap of $175.14 billion, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. The stock's 50-day moving average is $126.85 and its 200-day moving average is $100.21. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on ANET shares. BNP Paribas Exane lowered Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target on the stock. in a research report on Wednesday, June 11th. BNP Paribas lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. UBS Group raised their price target on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group lifted their target price on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Friday. Finally, Rosenblatt Securities lifted their target price on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.56.

Insider Activity at Arista Networks

In related news, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the sale, the senior vice president owned 12,976 shares of the company's stock, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the completion of the sale, the director directly owned 57,784 shares in the company, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,582,614 shares of company stock valued at $980,712,097. 3.39% of the stock is owned by 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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