Signature Estate & Investment Advisors LLC Boosts Stake in Arista Networks, Inc. $ANET

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in Arista Networks by 252.7% during the second quarter, owning a total of 478,171 shares worth approximately $48.9 million.
• Wall Street analysts have raised their ratings for Arista Networks, with UBS setting a new price target of $155.00 and several firms issuing "buy" ratings.
• CEO Jayshree Ullal sold over 1.7 million shares of Arista Networks in August, resulting in a 23.86% decrease in her ownership stake.

Signature Estate & Investment Advisors LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 252.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,171 shares of the technology company's stock after purchasing an additional 342,597 shares during the quarter. Arista Networks accounts for about 1.1% of Signature Estate & Investment Advisors LLC's investment portfolio, making the stock its 21st biggest holding. Signature Estate & Investment Advisors LLC's holdings in Arista Networks were worth $48,922,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Aspiriant LLC purchased a new position in shares of Arista Networks in the second quarter worth $305,000. Tradewinds Capital Management LLC raised its stake in shares of Arista Networks by 32.7% in the second quarter. Tradewinds Capital Management LLC now owns 604 shares of the technology company's stock worth $62,000 after purchasing an additional 149 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in Arista Networks by 0.6% during the second quarter. Chevy Chase Trust Holdings LLC now owns 605,577 shares of the technology company's stock valued at $61,957,000 after acquiring an additional 3,780 shares during the last quarter. Arista Wealth Management LLC bought a new stake in Arista Networks during the second quarter valued at about $650,000. Finally, Stratos Wealth Partners LTD. grew its holdings in Arista Networks by 1.9% during the second quarter. Stratos Wealth Partners LTD. now owns 9,237 shares of the technology company's stock valued at $945,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ANET shares. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. UBS Group boosted their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a report on Thursday, September 25th. Morgan Stanley set a $171.00 target price on Arista Networks and gave the stock an "overweight" rating in a research report on Friday, October 10th. Finally, William Blair reissued an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $163.94.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 6,622,904 shares of company stock worth $887,794,521. Corporate insiders own 3.39% of the company's stock.

Arista Networks Stock Down 2.0%

Arista Networks stock opened at $143.10 on Friday. The company has a market cap of $179.86 billion, a PE ratio of 56.28, a price-to-earnings-growth ratio of 3.04 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The company's 50-day moving average price is $142.11 and its 200-day moving average price is $110.94.

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