88,861 Shares in Arista Networks, Inc. $ANET Bought by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC has acquired a new position in Arista Networks, purchasing 88,861 shares valued at approximately $9.09 million during the second quarter.
• Insiders, including CEO Jayshree Ullal, have sold significant shares recently, with Ullal selling over 1.24 million shares for about $185 million, indicating a substantial decrease in ownership.
• Research firms remain optimistic with many upgrades, including UBS raising the target price for Arista Networks to $155 and maintaining a "buy" rating.

Park Avenue Securities LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 88,861 shares of the technology company's stock, valued at approximately $9,091,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ullmann Wealth Partners Group LLC purchased a new stake in shares of Arista Networks during the 2nd quarter valued at $210,000. Baugh & Associates LLC purchased a new position in Arista Networks in the 2nd quarter worth $1,906,000. Kaufman Rossin Wealth LLC raised its position in Arista Networks by 6.8% in the 2nd quarter. Kaufman Rossin Wealth LLC now owns 8,271 shares of the technology company's stock worth $846,000 after purchasing an additional 523 shares during the period. Farther Finance Advisors LLC grew its holdings in Arista Networks by 43.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 18,289 shares of the technology company's stock worth $1,871,000 after acquiring an additional 5,581 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Arista Networks in the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Wall Street Analyst Weigh In

ANET has been the topic of a number of research reports. Redburn Atlantic started coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set a "buy" rating and a $112.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. 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 report on Friday, September 12th. Piper Sandler upped their price target on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Barclays upped their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $157.88.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 7,582,614 shares of company stock worth $983,487,717. Company insiders own 3.54% of the company's stock.

Arista Networks Trading Down 2.7%

Shares of NYSE ANET traded down $4.10 during mid-day trading on Monday, reaching $145.51. The company had a trading volume of 8,663,402 shares, compared to its average volume of 9,369,324. The business's 50-day moving average is $131.59 and its 200-day moving average is $102.73. The stock has a market cap of $182.89 billion, a price-to-earnings ratio of 57.23, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 30.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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.