Simplicity Wealth LLC Takes Position in Arista Networks, Inc. $ANET

Key Points

• Simplicity Wealth LLC acquired a new stake of 4,404 shares in Arista Networks, Inc., valued at approximately $451,000 during the 2nd quarter.
• Arista Networks' CEO, Jayshree Ullal, sold 1.785 million shares, reducing her ownership by nearly 24%, while insiders have sold a total of 6.68 million shares valued at $894 million over the last 90 days.
• Arista Networks reported a quarterly earnings per share of $0.73, exceeding analyst expectations and reflecting a 30.4% increase in revenue year-over-year, with a consensus target price of $162.00 from analysts.

Simplicity Wealth LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,404 shares of the technology company's stock, valued at approximately $451,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock valued at $7,581,955,000 after buying an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after buying an additional 1,889,198 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Arista Networks during the 1st quarter valued at $933,626,000. Northern Trust Corp raised its position in shares of Arista Networks by 3.7% during the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock valued at $799,244,000 after buying an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock valued at $740,126,000 after buying an additional 2,594,184 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Activity

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 owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 6,678,904 shares of company stock valued at $894,021,161 in the last 90 days. 3.39% of the stock is currently owned by insiders.

Arista Networks Trading Up 8.3%

ANET stock opened at $157.37 on Thursday. The firm's 50-day moving average price is $139.41 and its two-hundred day moving average price is $107.74. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $158.51. The stock has a market capitalization of $197.79 billion, a price-to-earnings ratio of 61.90, a PEG ratio of 3.03 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ANET. Melius Research raised their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, September 12th. KeyCorp increased their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Piper Sandler increased their target price on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report 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.com, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

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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