Silver Oak Securities Incorporated Has $2.60 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• Silver Oak Securities Incorporated increased its holdings in Arista Networks by 31% during Q2, bringing its total investment to approximately $2.6 million.
• Arista Networks reported a quarterly earnings per share (EPS) of $0.73, exceeding estimates, with a revenue of $2.20 billion—up 30.4% year-over-year.
• CEO Jayshree Ullal sold over 1.7 million shares of Arista's stock, resulting in a 23.86% decrease in her ownership position.

Silver Oak Securities Incorporated boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,440 shares of the technology company's stock after purchasing an additional 6,016 shares during the quarter. Silver Oak Securities Incorporated's holdings in Arista Networks were worth $2,603,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ANET. Brighton Jones LLC raised its stake in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $202,000. Bank Pictet & Cie Europe AG raised its stake in shares of Arista Networks by 433.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock valued at $1,200,000 after buying an additional 8,822 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $251,000. Finally, Waverly Advisors LLC raised its stake in shares of Arista Networks by 1,426.5% in the 4th quarter. Waverly Advisors LLC now owns 12,609 shares of the technology company's stock valued at $1,394,000 after buying an additional 11,783 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ANET shares. Morgan Stanley increased their price objective on shares of Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Evercore ISI upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Melius Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price on the stock. in a report on Wednesday, June 11th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Arista Networks currently has an average rating of "Moderate Buy" and a consensus target price of $157.88.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm'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 transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 7,582,614 shares of company stock worth $983,487,717. 3.39% of the stock is owned by company insiders.

Arista Networks Stock Performance

Shares of ANET stock opened at $149.51 on Friday. The company has a market capitalization of $187.91 billion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50. The company's 50 day moving average price is $130.85 and its two-hundred day moving average price is $102.07. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32.

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