Segment Wealth Management LLC Has $3.28 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• Segment Wealth Management LLC increased its holdings in Arista Networks, Inc. by 12.5%, owning 32,012 shares worth approximately $3.28 million as of the latest SEC filing.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks at an average price of $136.22, decreasing her ownership by 23.86%.
• Nineteen analysts rated Arista Networks as a Buy, with a consensus target price of $162.00, while the stock currently trades around $145.51.

Segment Wealth Management LLC grew its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 12.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,012 shares of the technology company's stock after purchasing an additional 3,568 shares during the period. Segment Wealth Management LLC's holdings in Arista Networks were worth $3,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stock Yards Bank & Trust Co. grew its position in Arista Networks by 9.8% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 13,993 shares of the technology company's stock worth $1,432,000 after purchasing an additional 1,251 shares during the last quarter. Ascent Group LLC grew its position in Arista Networks by 10.7% in the 2nd quarter. Ascent Group LLC now owns 143,850 shares of the technology company's stock worth $14,717,000 after purchasing an additional 13,856 shares during the last quarter. New Century Financial Group LLC acquired a new stake in Arista Networks in the 2nd quarter worth $211,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Arista Networks by 5.0% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 48,428 shares of the technology company's stock worth $4,955,000 after purchasing an additional 2,317 shares during the last quarter. Finally, 1900 Wealth Management LLC grew its position in Arista Networks by 2.3% in the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company's stock worth $444,000 after purchasing an additional 98 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. William Blair restated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Morgan Stanley raised their price target on shares of Arista Networks from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. UBS Group lifted their target price on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. KeyCorp lifted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Piper Sandler lifted their target price on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.00.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 6,678,904 shares of company stock valued at $894,021,161 in the last quarter. 3.39% of the stock is owned by insiders.

Arista Networks Stock Up 0.7%

NYSE:ANET opened at $145.51 on Friday. The firm has a market cap of $182.88 billion, a PE ratio of 57.23, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The company's 50-day moving average price is $137.53 and its two-hundred day moving average price is $106.35.

Arista Networks (NYSE:ANET - Get Free Report) last released 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 firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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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