Sandbox Financial Partners LLC Acquires Shares of 2,148 Arista Networks, Inc. $ANET

Key Points

• Sandbox Financial Partners LLC has acquired 2,148 shares of Arista Networks, valued at approximately $220,000, reflecting the firm's entry into the technology company's stock ownership.
• Insiders at Arista Networks, including CEO Jayshree Ullal, have sold significant amounts of stock recently, with Ullal selling 1,247,688 shares for over $185 million, indicating a potential shift in management confidence.
• Arista Networks reported strong quarterly earnings with an EPS of $0.73, surpassing expectations, and has received multiple buy ratings from investment analysts, with an average price target of $157.56.

Sandbox Financial Partners LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,148 shares of the technology company's stock, valued at approximately $220,000.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in shares of Arista Networks during the 4th quarter worth approximately $35,000. HighMark Wealth Management LLC grew its stake 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 in the last quarter. Cloud Capital Management LLC purchased a new position in Arista Networks in the 1st quarter valued at approximately $30,000. Ameriflex Group Inc. purchased a new position in Arista Networks in the 4th quarter valued at approximately $46,000. Finally, Saudi Central Bank purchased a new position in Arista Networks in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Transactions at Arista Networks

In other news, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the sale, the senior vice president directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,526,614 shares of company stock valued at $975,547,217. Insiders own 3.54% of the company's stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $145.45 on Tuesday. The firm has a fifty day moving average price of $127.73 and a two-hundred day moving average price of $100.63. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The company has a market cap of $182.81 billion, a price-to-earnings ratio of 57.21, a PEG ratio of 3.28 and a beta of 1.49.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm earned $0.53 EPS. The business's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Citigroup lifted their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research note on Friday. Evercore ISI lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday. Finally, William Blair reiterated an "outperform" rating on shares of Arista Networks in a research note on Friday. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $157.56.

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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