Petros Family Wealth LLC Has $751,000 Holdings in Arista Networks, Inc. $ANET

Petros Family Wealth LLC grew its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 64.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,339 shares of the technology company's stock after buying an additional 2,879 shares during the period. Petros Family Wealth LLC's holdings in Arista Networks were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ANET. Nuveen LLC acquired a new stake in shares of Arista Networks in the first quarter worth about $933,626,000. AQR Capital Management LLC lifted its position in shares of Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after buying an additional 4,678,372 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. Amundi lifted its position in shares of Arista Networks by 35.3% during the 1st quarter. Amundi now owns 8,582,109 shares of the technology company's stock worth $611,852,000 after purchasing an additional 2,240,045 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after purchasing an additional 1,889,198 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. KeyCorp boosted their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Arista Networks in a research report on Saturday, September 27th. Rosenblatt Securities boosted their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, September 12th. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a research report on Thursday, September 25th. Finally, Melius Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Arista Networks Trading Up 0.7%

ANET stock opened at $145.51 on Monday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The firm has a market cap of $182.88 billion, a P/E ratio of 57.23, a P/E/G ratio of 3.03 and a beta of 1.47. The business's 50 day moving average is $137.53 and its 200-day moving average is $106.67.

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

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the company's stock in a transaction that occurred on 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 directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the completion of the transaction, the director directly owned 41,784 shares in the company, valued at $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,678,904 shares of company stock worth $894,021,161. Company insiders own 3.54% 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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