QTR Family Wealth LLC Acquires Shares of 3,427 Arista Networks, Inc. $ANET

Key Points

• QTR Family Wealth LLC has acquired 3,427 shares of Arista Networks, Inc. ($ANET), valued at approximately $351,000, indicating growing institutional interest in the company.
• CEO Jayshree Ullal sold 1.8 million shares of Arista in August, reducing her holding by 23.86%, while insiders have sold a total of almost 6.7 million shares recently.
• Analysts are optimistic about Arista Networks, with multiple firms, including Goldman Sachs and UBS, raising their price targets and issuing "buy" ratings for the stock.

QTR Family Wealth LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,427 shares of the technology company's stock, valued at approximately $351,000.

Other large investors have also bought and sold shares of the company. HighMark Wealth Management LLC boosted its position in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after acquiring an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new stake in Arista Networks during the 1st quarter valued at approximately $30,000. Saudi Central Bank bought a new stake in Arista Networks during the 1st quarter valued at approximately $33,000. Tradewinds Capital Management LLC boosted its position in Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after acquiring an additional 143 shares in the last quarter. Finally, Costello Asset Management INC boosted its position in Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock valued at $35,000 after acquiring an additional 154 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business'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 value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 6,670,904 shares of company stock valued at $892,841,241. 3.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ANET. The Goldman Sachs Group lifted their price objective on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, September 12th. UBS Group lifted their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price target on Arista Networks from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Wells Fargo & Company boosted their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Finally, Citigroup boosted their price target on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating 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, Arista Networks currently has an average rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Stock Up 1.6%

Shares of ANET opened at $145.73 on Wednesday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The stock has a market cap of $183.16 billion, a P/E ratio of 57.32, a P/E/G ratio of 2.99 and a beta of 1.50. The business's 50 day moving average price is $135.58 and its 200-day moving average price is $105.22.

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

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